Minister of Finance Ibrahim Ameer on Tuesday presented to Parliament the national budget proposed for 2024. The budget, originally submitted on 30 October, is largely based on extensive consultations and tabulations within the outgoing Ibrahim Mohamed Solih administration.
While the incoming Mohamed Muizzu administration has had little time to exhaustively shape its outlook, given that budgets have to be approved almost as soon as they take office, they have, through the transition process, ensured key projects have been accounted. However, the incoming administration has still largely inherited a budget that was engineered by the outgoing administration.
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