MMA Denies Reports of Depleted Usable Dollar Reserves
The Maldives Monetary Authority (MMA) has denied reports claiming that the nation’s usable dollar reserves have been fully depleted for…
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…
Tender Board Adopts Operating Rules and Procedures for First Time
The National Tender Board, which oversees the procurement process of state agencies, has for the first time drafted and adopted…
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…
Finance Ministry Looks to Hire SOE Consultant
The Ministry of Finance has announced that it is seeking a consultant to strengthen and develop state-owned enterprises (SOE)s. Interested…
Fisheries, Finance Ministries Consult on Outstanding Dues to Fishermen
The Ministry of Fisheries and Ocean Resources, and the Ministry of Finance have been in consultations to arrange the payment…
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…
Unpaid Taxes Worth MVR 7.7 Billion Could Derail State Finances, Warns Finance Ministry
The Ministry of Finance has warned that unpaid goods and services taxes (GST) and resort land rent arrears, which account…
Supplementary Budget Submitted for Third Time
The Ministry of Finance has resubmitted the state’s supplementary budget to parliament after details provided in the first and second…
