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...
State Budget Woes: An Analysis of Fiscal Struggles and Remedial Measures
In a concerning report on the fiscal climate, the Ministry of Finance has shed light on the intricate challenges besetting...
