MVR14m budget increase passed for Audit Office

Parliament's Public Finance Committee has passed a budget of MVR57.8 million for Audit Office in the state budget for next year.

This is MVR14 million more than the budget approved for the Audit Office for last year, which was MVR44.5 million.

The Constitution stipulates that the budget of the Audit Office must be passed by the Public Finance Committee.

A member of the Committee said that the budget of MVR57.8 million, as proposed by the Audit Office, was passed after thorough assessment by the Sub-Committee, and because the work of the Audit Office is important.

Auditor General Niyaz Ibrahim said that the budget had to be increased to facilitate the recruitment of 43 additional employees to the office.

Out of MVR57.8 million, MVR54 million has been assigned as recurrent expenditure and MVR3.8 million as capital expenditure.