No fiscal reports for one month as finance minister tours atolls for campaign

Oct 22, 2025, 4:43 AM
Finance Minister Moosa Zameer inaugurated a project in Laamu Fonadhoo. -- President's Office Photo

Finance Minister Moosa Zameer inaugurated a project in Laamu Fonadhoo. -- President's Office Photo

The Finance Ministry has suspended publicizing financial statements, concealing the state's revenue and expenditure for the past month.

The ministry last released its weekly fiscal report on September 23. It had details of expenditure and revenue up to September 18.

Meanwhile, the government recently purchased additional military drones from Turkey. The cost for the purchase has not been disclosed.

The government has also violated President Mohamed Muizzu's pledge to not print money by involving the central bank and Pension Office to arrange finances.

Finance Minister Moosa Zameer has been accompanying Muizzu on campaign trips to the atolls over the last few months.

Zameer has travelled to Vaavu, Faafu, Meemu, Thaa, Shaviyani and Laamu atolls for the campaign ahead of the local council elections.

He has not addressed the people in any of these trips, but had signed project agreements and laid the foundation stone for some projects.

Suspension of weekly fiscal reports

  • Financial records for three weeks in June and July 2025
  • Ramadan holidays started in March 2025 without disclosing financial records for two weeks
  • In April 2025, financial records were suspended for two weeks
  • From late June 2024 until August 29, 2024, financial records were not disclosed

Last year, the fiscal report was suspended from late June until August 29. The government made many excuses to not disclose the figures.

The figures were disclosed after opposition parties expressed concern and began complaining to international agencies.

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