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...
Ayady Takaful Begins Accepting Surplus Applications From Policyholders
Allied Insurance Company’s Islamic window, Ayady Takaful, has announced the distribution of surplus for the year 2021. The board of...
National Budget for 2024 Does Not Align With Stated Fiscal Policy: Audit Office
The Auditor General’s Office has expressed concern that the 2024 National Budget does not reflect the government’s fiscal strategy. The...
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...
Government to Issue Treasury Bills Worth Over MVR 5 Billion
The Ministry of Finance has announced a slate of Treasury bill sales for next week, aimed at covering state expenditure....
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...
Digital Payments Surge and Remittances Decline in Maldives, Data Reveals
The Payments Bulletin by the Payment Systems and Oversight Division (PSOD) of the Maldives Monetary Authority (MMA) has highlighted a...
Government Compensation Payouts Balloon to Over 270 Percent of Allocated Amount
The government has spent nearly three times the budgeted allocation for compensation payouts, as per records released by the Ministry...
Targeted Subsidies to Replace Indirect Subsidies in July 2024: Finance Ministry
The Ministry of Finance has revealed that the current indirect subsidies will be replaced by targeted subsidies starting July 2024....
Maldives’ Credit Rating at B-,Outlook Negative, Says Fitch Ratings
Fitch Ratings has affirmed the Maldives’ Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B-‘ with a ‘negative outlook.’ In Fitch’s...
