Appropriation Act, 2025 is assented
December 19, 2024
The Appropriation Bill, 2025 has been assented into law by President Wavel Ramkalawan.
The Appropriated Budget for the year 2025 is SR 11,901,621,045.
The biggest allocated budget is for Benefits and Approved Programs of the Agency for Social protection, for a sum of SR 1.4 billion.
This is followed by a sum of SR 1.35 billion for the Ministry of Education and SR 1.32 billion for the Health Care Agency.
The major measures to be implemented in 2025 are;
Increment in salary by 7% for public service (April)
Increase in Minimum Wage (April)
Increase in Social Benefits for pensioners, people living with a disability and invalidity (April)
Increase in post-secondary students allowances
Increase in stipend for Mature Students
Revision in existing and introduction of new facilities by HFC to support those wanting to build and repair their homes
Revision in the PV Scheme for residential homes and small/medium businesses
Increase spending in infrastructure development
The Autism Center will fall under the aegis of the Ministry of Education and a budget of SR 4.1 million has been allocated
Increase funding in adaptation and mitigation due to the adverse effect of climate change
Revision in the Agriculture Development Fund to make it more accessible for farmers.
When delivering his Budget speech on 31st October before the National Assembly, Minister Naadir Hassan emphasized that
'the government will continue to be guided by responsible and discipline fiscal policies, thus allowing the economy to continue to grow'. The 2025 Budget is a positive one, addressing and impacting all sectors of our society. The 2025 Budget is proof that the government has a clear, realistic strategy and knows what it is doing. As a nation, we need to continue on this positive journey.”