The budget for next year is scheduled to be presented to Parliament tomorrow.

According to the Finance Act, the budget for the coming year must be submitted to Parliament before the end of October of the current year. The budget must be passed before the end of November.

When the budget is presented to the Parliament, all members will be given equal opportunity to debate the budget.

The budget will be examined or evaluated by a committee of members from the Finance Committee and the Economic Committee. Once this Budget Committee presents its report, the Parliament members can debate and propose amendments to it as well.

According to the Finance Ministry, the budget for next year will include the needs of the new government that will take office on November 17,

As per reports, a budget of MVR 50 billion will be proposed tomorrow at the Parliament.