Supplementary budget to be proposed in first half of 2013: President Waheed

A supplementary budget is to be proposed to parliament before the end of the first half of 2013, President Mohamed Waheed Hassan Manik has announced.

Speaking at Henbadhoo in Noonu Atoll, the President claimed the country’s economy “is not as bad as it is perceived to be”, adding that the decline in global economy was affecting the Maldives in an adverse way, local media reported.

Waheed stated that that priority will be given to projects such as health centres and other basic services on islands, and that he intends to make the necessary changes to the supplementary budget in order to address these issues, he was quoted as saying in local media.