Malé, Maldives — Finance Ministry of Maldives has requested all state offices to provide the baseline budget from the anticipated budget from the year 2022 till 2024.
A statement released by the Finance Ministry read that they have sent all information related to processing the budget including the program and projects that are to begin soon.
Finance Ministry states that if the office does not present the baseline before the deadline, then the Ministry will get the power to decide that office’s budget.
The baseline budget is the estimate of project costs that you start with at the beginning of the projects that are already ongoing. It will not consist of the budget of the projects or programs that are to begin soon nor the details of employees the company has decided to hire.
Minister Ameer has previously stated that international finance authorities have shared concerns that the expenses for the government are higher than the income in the country’s annual budget.
While Maldives has by far spent a total of 11.3 billion, 8.6 billion was spent to run the government. Regarding this, Ministry Ameer stated that they are working on decreasing the expenditure of the government especially due to the Covid-19 pandemic.
The steps taken to decrease the expenses include lowering the pay of the employees in higher positions of the government for five months and pay harmonization across government institutions.