MVR 24 bln utilized from this year's budget

The state has spent MVR 24 billion from the MVR 37 billion budget allocated for the year.

According to budget statistics, MVR 24 billion has been used up from this year's budget. This includes MVR 22 billion as total expenditure.

The numbers show that this year's highest budget expenditure was on recurrent expenditure. Recurrent expenditure stood at MVR 16 billion, with salaries and wages accounting for MVR 6.4 billion. MVR 9 billion was spent on administrative expenses.

From this year's budget, MVR 5.6 billion has been spent on capital expenditure. Capital equipment expenditure stood at MVR 228 million, land and buildings at MVR 948.7 million, and infrastructure assets at MVR 2.9 billion.