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...
Spike in Salary Spend and Operating Expenses Inflates Recurrent Expenditure by 4.5%
The state’s recurrent expenditure increased more than 4.5 percent this year compared to 2023, figures from the Ministry of Finance...
Government Spending on Projects Down, Salaries Up
Spending on development projects from January to May of 2024 was lower compared to the same period last year, however...
Minister Muththalib’s Comments Cast Doubt on Finance Ministry’s Fiscal Updates
Statements by Minister of Construction and Infrastructure Abdulla Muththalib has brought into question the state’s expenditure on development projects, as...
State Expenditure Crosses MVR 13 Billion Mark
State expenditure for 2024 has crossed the MVR 13 billion mark, according to the Ministry of Finance’s latest Weekly Fiscal...
SDF Collections Decline by MVR 3.4 Million
The Sovereign Development Fund (SDF) collections declined by MVR 3.4 million compared to the same period last year, according to...
State Expenditure at MVR 4 Billion; 30% Lower Than in 2023: Finance Ministry
State expenditure stood at MVR 4 billion so far this year, the Ministry of Finance has said. According to the...
Upwards of MVR 12 Billion Spent on PSIP Projects in 2023
More than MVR 12 billion was spent on Public Sector Investment Programme (PSIP) projects, or development projects, last year. According...
Finance Ministry Clarifies Compensation Disbursement Amid Controversy
The Finance Ministry has addressed recent allegations of the government paying out MVR 100 million in compensation, stating that the...
