Spike in Salary Spend and Operating Expenses Inflates Recurrent Expenditure by 4.5%
The state’s recurrent expenditure increased more than 4.5 percent this year compared to 2023, figures from the Ministry of Finance...
SDF Collections Out of Sync With Rise in Debt Repayments
Around MVR 921.2 million was spent on loan repayments as of 18 March this year; nearly MVR 100 million more...
State Expenditure Rises Overall as Capital Expenditure Drops by MVR 1.5 Billion
State expenditure so far this year has increased compared to last year, however, capital expenditure declined by MVR 1.5 billion,...
Government Secures MVR 1.7 Billion Via T-Bill Sale
The government has successfully raised MVR 1.7 billion in funding through the sale of Treasury Bills (T-bills), according to recent...
Government Introduces Strict Expenditure Rules; Caps Spending, New Positions and Remuneration
The Ministry of Finance, while noting that even though the economy is growing the state’s financial situation is precarious, has...
PSIP Spending Down 83% in January: Finance Ministry
Public Sector Investment Programme (PSIP) spending fell 83 percent in January this year when compared to the same period last...
