Budget 2026
18 articles
Latest
ColumnNavigating 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.
BusinessSubsidy 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.
Business
Budget surplus at MVR 2 billion in first ten weeks
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PNC MPs refuse to include Governor's budget recommendation
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PNC MPs' see the budget from a different lens
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Airport projects are a waste, says Meedhoo MP Siyam
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"Budget has no details of measures to reduce expenditure"
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"Approving the budget could devalue MVR even further"
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"No projects completed despite exhausting budgets"
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Govt sets target of 2.4 million tourist arrivals for 2026
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Budget 2026: MVR 273 million for govt's travel expenses
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Additional MVR 91 million to install Hiya elevators
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Big subsidy to MIFCO despite lower fish purchasing price
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Only MVR 200,000 saved from merging MMC and Broadcom
Business
Budget 2026: No plans to introduce targeted subsidies
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Budget 2026: MVR 2.6 billion for military spending
Business
"Economy will grow by more than five percent"
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