The Maldives 2021 budget is based on National Resilience and Recovery Plan 2020-2022. This plan comprises of the priority areas as per the Strategic Action Plan (SAP), which became operational in Oct 2019, as well as immediate priorities due to the Impact of Covid-19.
The Ministry of Finance (MoFT) proposed a budget of MVR 35B (USD 2.3B) for the year 2021 to the Parliament. The Parliament’s Budget Review Committee (BRC) added a further MVR 135.2M to the proposed Public Sector Investment Programs (PSIP)
It should be noted that even though the budget proposed for 2020 was MVR 38B, the MoFT estimates that the budget spending for the year 2020 will be within MVR 32B even with MVR 2.5B relief package and increase in Covid-19 related health costs which was unanticipated at the time of submission of the budget for 2020.