The President’s Office’s expenses have increased.
State figures published by the Ministry of Finance show that the President’s Office has spent MVR 86.9 million from January 1, 2021, to August 5, 2021. This is a nine percent increase of last year’s expenses within the same duration, which totaled MVR 79.9 million.
MVR 171.2 million from the state’s annual budget has been allocated to the Office. 50 percent of the budget has already been expended.
While expenditure of other state administrations has also been increasing, the budget deficit has reached MVR 5 billion by August 5. To reduce the deficit, the government has been attempting to secure funds abroad using state property.