MMA Urges Tourism Industry to Retain Higher Percentage of USD Revenue Within Banking System
The Maldives Monetary Authority (MMA) has held closed-door discussions with the tourism industry with a view to increasing the amount...
June 2024 Revenue Lower Than Projected But Higher Than June 2023
The Maldives Inland Revenue Authority (MIRA) reported a 28.8 percent decline in revenue over the last month. The figures released...
Maldives Lowers 2024 Overall Growth Projection from 5.5% to 4.9%
The nation’s growth outlook will be lower than expected this year, the Ministry of Finance projected in its Macro Economic...
Decline in Indian Tourists Resulted in Over MVR 2 Billion in ‘Lost’ Revenue: Opposition
The words and policies of President Mohamed Muizzu, and some key deputy ministers, have caused losses of MVR 2.3 billion...
May 2024 Revenue Lower Than in 2023, Higher Than Projected: MIRA
There was a 4.8 percent drop in state revenue in May 2024 compared to the same period last year, data...
April 2024 External Trade Brings MVR 310 Million in Revenue
Import levies and exports earned the state MVR 310 million this April, according to data released by the Maldives Customs...
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 Revenue up 34.4% in March
State revenue increased by 34.4 percent in March compared to the same period last year, according to the Maldives Inland...
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 Will Introduce Legislation Re-Directing State Revenue to Councils: President Muizzu
The Maldives Inland Revenue Authority (MIRA) will re-direct a percentage of the revenue collected collected for the state to councils,...
