Parliament Approves Record MVR 56.6 Billion Budget for 2025
Parliament on Wednesday approved a record MVR 56.6 billion budget for 2025, with 70 members voting in favour and 11...
Maldives’ Debt Repayments Surpass MVR 2 Billion Mark
The Maldives has spent MVR 2.07 billion in loan payments this year alone, the latest Weekly Fiscal Development Report by...
National Budget 2025: US$705 Million Surge in Reserves Projected as Usable Reserves Decline
State reserves are expected to increase by US$705 million next year, spurred on by the recent change in foreign exchange...
Maldives’ Spending Exceeds MVR 40 Billion
The state, as of 7 November, has spent MVR 41.59 billion of the National Budget 2024, including for expenditure on...
National Budget 2025: Government Proposes MVR 56.6 Billion Budget
The Ministry of Finance has presented, for parliamentary consideration, a proposed National Budget of MVR 56.6 billion for 2025. Presenting...
Finance Ministry’s Delayed Reports Show Increased Recurrent Expenditure for 2024
The Ministry of Finance has released previously held back Weekly Fiscal Development reports since publications were halted on 20 June....
Parliament Passes MVR 5.1 Billion Supplementary Budget With Zero Changes
The MVR 5.1 billion Supplementary Budget, proposed by the Mohamed Muizzu administration, has passed Parliament without any amendments. While the...
Government Proposes MVR 5.1 Billion Supplementary Budget
The Ministry of Finance on Thursday submitted a MVR 5.1 billion supplementary budget for parliamentary consideration. The submission looks to...
Maldives Opts to Refinance Exim Bank of China’s VIA Development Loan
The Mohamed Muizzu administration has opted to refinance US$75 million (approximately MVR 1.2 billion) of the US$378 million (approximately MVR...
Government to Submit MVR 5 Billion Supplementary Budget for Parliamentary Consideration
The Mohamed Muizzu administration will present a Supplementary Budget to Parliament, valued at around MVR 5 billion, to manage expenditure...
