90% of housing budget unused

12 hours ago

Despite the government’s pledge to prioritize housing this year, 90 percent of the funds allocated for housing-related projects remain unused, according to the Finance Ministry’s latest fiscal update.   President Dr. Mohamed Muizzu had announced that MVR 3 billion would be earmarked for housing, with MVR 1.5 billion worth of projects to be implemented. However, the supermajority budget passed by Parliament allocated