Budget 2026

18 articles

Navigating the Maldives' 2026 Fiscal Storm

The Maldives faces a critical fiscal outlook in 2026 due to record debt repayments and rising expenditures despite increased revenue. High domestic borrowing and a widening deficit create significant financing pressure. The government may need major budget adjustments to manage these growing financial obligations.

2 months ago

Business

Subsidy spending doubles with budget nearing exhaustion

Subsidy spending has doubled due to rising energy prices, with MVR 2.2 billion already spent. At the current rate, the annual budget will be exhausted within a month, potentially requiring billions in additional funding. Despite the crisis, the government has yet to implement a targeted subsidy system to manage costs.

4 months ago

Business

Navigating the Maldives' 2026 Fiscal Storm

Subsidy spending doubles with budget nearing exhaustion

Budget surplus at MVR 2 billion in first ten weeks

PNC MPs refuse to include Governor's budget recommendation

PNC MPs' see the budget from a different lens

Airport projects are a waste, says Meedhoo MP Siyam

"Budget has no details of measures to reduce expenditure"

"Approving the budget could devalue MVR even further"

"No projects completed despite exhausting budgets"

Govt sets target of 2.4 million tourist arrivals for 2026

Budget 2026: MVR 273 million for govt's travel expenses

Additional MVR 91 million to install Hiya elevators

Big subsidy to MIFCO despite lower fish purchasing price

Only MVR 200,000 saved from merging MMC and Broadcom

Budget 2026: No plans to introduce targeted subsidies

Budget 2026: MVR 2.6 billion for military spending

"Economy will grow by more than five percent"

Govt to propose record budget of MVR 64 billion