Government Disburses MVR 81.8 Million in Settlement Payment in Q1 2024
The Ministry of Finance has revealed that the government disbursed MVR 81.8 million in settlement payments during the first quarter...
Administration Introduces New Regulations Aimed at Curbing Corruption
The government has introduced new regulations specifying the procedures for doing business with those who have interests with a public...
Finance Ministry Defends Reversal of Unsolicited Proposals Policy
The Ministry of Finance has defended its decision to reverse the annulment of the previous government’s Unsolicited Proposals Policy (USP...
Finance Ministry Clarifies Compensation Disbursement Amid Controversy
The Finance Ministry has addressed recent allegations of the government paying out MVR 100 million in compensation, stating that the...
Government Strengthens Finance Ministry Leadership With High-Profile Advisors
Two advisors have been appointed to the Ministry of Finance: Ahmed Munawar, former finance and treasury minister, and Ahmed Naseer,...
Maldives Sees 18.6% Increase in Revenue
The Maldives has reported a significant increase in revenue collection for the year, according to statistics released by the Ministry...
Parliament Budget Committee Approves Record MVR 49.8 Billion State Budget for 2024
The Parliament’s Budget Committee on Thursday approved a MVR 49.8 billion budget for 2024 after making significant adjustments to allocations...
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...
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...
