November Inflation Down on Average, Rose for Key Commodities
Prices of goods and services fell in November compared to October this year, the National Bureau of Statistics (NBS) has...
Maldives’ Exports Grow 32% in November
The Maldives’ exports increased by 32 percent in November 2023 compared to the same period last year, according to data...
SDF Deposits in 2023 Exceed MVR 886 Million
The Sovereign Development Fund (SDF) has received MVR 886.7 million so far this year, surpassing the earlier estimate of MVR...
Maldives’ Economic Crossroads: Fiscal Challenges and Strategic Solutions
The Maldivian economy stands at a crucial juncture, grappling with significant fiscal challenges amidst ambitious developmental aspirations. Amidst rising debt,...
Saudi Arabia Approves Trade Agreement With Maldives
The Kingdom of Saudi Arabia’s cabinet has agreed to enter into a trade agreement with the Maldives, the Maldives’ Ministry...
Maldives National Debt Hits MVR 118.9 Billion
The nation’s total debt currently stands at MVR 118.9 billion, according to statistics released by the Ministry of Finance. This...
Budget Summary: Key Points from 2024 National Budget
Minister of Finance Ibrahim Ameer on Tuesday presented to Parliament the national budget proposed for 2024. The budget, originally submitted...
Mounting SOE Debt Places Significant Strain on State Budget: Finance Ministry
The state has approved approximately MVR 300 million in treasury loans so far this year to meet the cash flow...
Maldives Loses US$1.7 Billion Annually Due to Non Performing Resort Developments
The Maldivian economy is losing an estimated US$1.7 billion (MVR 26 billion) every year due to work not being completed...
Budget 2024 Forecasts 5.3% Rise Amidst Political Transition
The Ministry of Finance has forecast a 5.3% increase in the state budget for 2024, setting it at an estimated...
