56% allocated in 2025 budget for subsidies exhausted

4 days ago

56 percent of the funds allocated in this year’s state budget for subsidies—intended to reduce the cost of certain goods and services—have been exhausted within the first four months of the year. According to the ‘Weekly Fiscal Development’ report released by the Ministry of Finance on Wednesday, the state has spent MVR 1.04 billion on subsidies as of April 24th. With