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…
2024 Project Spending Down, Expenditure on Salaries Up Compared to Same Period in 2023
Project spending was down compared to the same period last year, while more was spent on salaries, according to the…
State Revenue Reaches MVR 11 Billion
The state’s tax and non-tax revenue for 2024 climbed to MVR 11 billion as of April, according to data released…
ADF Receipts Increase by 11%
Revenue from airport taxes and fees increased by 11 percent in 2024 over the same period last year, according to…
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,…
Muizzu Government Lacks Planning, Abusing State Resources in Parliamentary Elections: Ex-President Solih
The Mohamed Muizzu administration is initiating projects without planning and without sourcing the necessary funds, former President Ibrahim Mohamed Solih…
Maldives’ Budget Deficit Climbs to MVR 215 Million; Trend Expected to Continue
The expenditure spike in March will see the state face its first deficit for 2024 after revenue exceeded expenditure in…
Development Projects Not Cancelled; Will Move Forward After Reassessment: Finance Minister
Minister of Finance Mohamed Shafeeq said on Sunday that the administration has suspended spending on structural development projects to prioritise…
State Revenue Hits MVR 2.33 Billion in February, Outpaces 2023 Collections and 2024 Projections
The state received MVR 2.33 billion in revenue last month, according to data released by the Maldives Inland Revenue Authority…
