MVR 4 Billion Spent on SOEs as of July
While there are 23 state-owned enterprises (SOEs), MVR 4 billion from the state’s budget had been spent on these companies...
MDP Expresses Support for Government’s Economic Reform Package, Questions ‘Excessive’ Political Appointments
The opposition Maldivian Democratic Party (MDP) will support the administration’s proposed legislative package aimed at cutting state spending and reforming...
Government Ready to Implement Fiscal Reform Programme; SOEs First in Line: Minister Shafeeq
The administration is ready to take the necessary measures to manage the nation’s debt; starting with reforms to state-owned enterprises...
Initiating Fiscal Reforms Essential to Maldives’ Sustained Economic Growth: World Bank
The World Bank has called for the urgent implementation of the Maldive’s planned financial reforms, saying such action is essential...
STO Reduces Diesel, Petrol Prices
The State Trading Organization (STO), responsible for the majority of fuel imports into the country, has announced a reduction in...
Targeted Subsidies to Replace Indirect Subsidies in July 2024: Finance Ministry
The Ministry of Finance has revealed that the current indirect subsidies will be replaced by targeted subsidies starting July 2024....
