FDC settles outstanding USD 11.5 million payment of 4,000 housing units project
Hamdhan Shakeel, Managing Director of Fahi Dhiriulhun Corporation (FDC), has disclosed that the outstanding amount of USD 11.5 million for the construction of 4,000 housing...
Parliament approves USD 3.7 bln budget for 2025
The Parliament has approved a budget of USD 3.67 billion for 2025, following extensive debate and review. The budget was passed with the support of...
Education Minister confirms clearance of outstanding bills, USD 2.21 million remains
Minister of Education Dr. Ismail Shafeeu has stated that all but USD 2.21 million of the outstanding bills of the educational projects have been cleared....
Parliamentary Budget Committee approves USD 3.7 bln State Budget 2025
The Parliament's Budget Committee has approved the government-proposed USD 3.7 billion for state budget 2025. The committee passed the budget without any modifications but stipulated...
Finance minister highlights risks of insufficient budget allocations
Minister of Finance Moosa Zameer has voiced concerns that inadequate financial allocations for development projects could lead to significant delays and hinder long-term progress. The...
Gov’t pays outstanding bills worth USD428 million to state-owned enterprises
President Dr. Mohamed Muizzu has announced that a total of USD428 million has been paid to settle outstanding debts owed to state-owned enterprises (SOEs). When...
“State budget 2025 will prioritise the commitments of the President”
Ministry of Finance has announced that the state budget 2025 will prioritise fulfilling the commitments of President Dr. Mohamed Muizzu, with a particular focus on...
Next year’s budget to be the first to follow IMF guidelines: Gov’t
Deputy Minister at the Ministry of Finance Ahmed Saeed Musthafa has stated that next year’s state budget will be the first to be prepared in...
Committee to conclude budget review by November 20
The Budget Committee of Parliament has decided to conclude its review of the 2025 budget by November 20. During its most recent meeting, the committee...
Parliament approves supplementary budget of USD 332 million
The Parliament has approved the supplementary budget of USD 332 million as proposed by the government. This budget was passed with 75 votes in favour,...