Bill on submitting the budget to the Parliament two months in advance ratified

The President has ratified the bill on the amendment to the Public Finance Act, which requires the annual state budget to be sent to the Parliament two months prior to the commencement of the following year. Following ratification, the Act has been published on the government gazette.

The amendment to article 32 (a) of the Public Finance Act was passed by the Parliament on 17 December.

The amendment obligates the Finance Minister to prepare and present the annual budget to the Parliament two months before the commencement of the financial year for which the budget is made.

The bill on the amendment to the Public Finance Act was submitted to Parliament by MP of Dhivehi Rayyithunge Party (DRP) Rozaina Adam.