President Mohamed Nasheed has said the 2011 budget as passed by the People’s Majlis will speed up developmental projects in the country.
Speaking in his weekly radio address on Friday, the President said he was hopeful that “all budget objectives will be achieved by the end of the year”.
Describing 2011 budget as a different type of budget, he said that wide-ranging deliberations and consultations involved in the process of preparing the budget.
The President also positively noted the discussions that took place between the People’s Majlis and the government during the budget evaluation stage in which government shared details of the budget with the Majlis.
This year, government, for the first time, compiled a programme budget that is based on government manifesto. The budget has clear targets, means to achieve those targets and with costing calculated for the targets.
“As the budget is implemented, it will show how much we achieve or how much we fail to achieve,” the President explained on Friday.
“The budget is based on programmes, which are government pledges. The budget’s objective is to fulfill those pledges,” he added.
After discussing government’s key pledges, President Nasheed stated that the government believed, with the fulfillment of those pledges, there would be a developmental turnaround in the country.
The People’s Majlis passed 2011 budget on Wednesday wit 69 out of 76 members present voted in favour.
