Cabinet takes measures to manage 2013 budget to avoid “enormous challenges” later in the year

The Cabinet is to take austerity measures to manage the MVR 15.3 billion (US$992 million) budget passed in parliament for 2013.

According to the President’s Office website, the cabinet noted that should measures not be put in place to control the budget, the country would face “enormous challenges”.

The cabinet took the decision after discussing a paper submitted by the Ministry of Finance and Treasury. The Ministry of Finance intends to inform government offices of the austerity measures.