Covid-19: Deferred Resort Lease Payments to Cost Government MVR 900 Million, States Finance Minister

The resort lease payment has been extended to 6 months, which will cost the government MVR 900 million, according to Finance Minister Ibrahim Ameer.

The resort lease payments contributed to the MVR 1.7 billion the government was budgeted to receive this year. However, the government is now expected to receive MVR 800 million.

Minister also assured that the government will earn this money the coming year, as the payments were deferred due the Covid-19 related lockdown, not abolished.