Finance Ministry
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BusinessGovernment revenue exceeds MVR 30 billion
The Maldivian government’s revenue surpassed MVR 30 billion, marking a slight increase over last year despite a slowdown in tourism-related tax growth. While tax revenue rose to MVR 23.8 billion, non-tax revenue saw a decline. Economic experts link the stagnation to a cooling tourism sector, which may impact year-end budgetary targets.
BusinessTGST declines due to low tourist arrivals
Maldives' state revenue is declining as Tourism Goods and Services Tax collections fell by MVR 110.5 million due to a drop in visitor arrivals. Disruptions in Middle Eastern air travel have slowed tourism momentum since the second quarter. It is now unlikely the country will meet its annual target of 2.4 million tourists.
Business
Subsidy spending hits MVR 4.1 billion
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Eagle Hills units to be funded by forfeiting future state revenue
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State will bear no costs on housing units by Abu Dhabi developer
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Government settles final $50 million debt to SBI
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More than 60,000 people earn a monthly income of over MVR 60,000
Business
Debt nears MVR 100 billion as domestic borrowing surges
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USD 1.5 billion framework agreement signed with ITFC
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Male’ Mayor warns of service collapse following grant cuts
Business
Securities debt surpasses MVR 100 billion with Pension Fund bond
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Zariyand question fiscal policies with record USD inflows
Business
Govt takes USD 80 million in loans for fuel imports and harbors
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Shahid slams new units as pretext for more political jobs
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Muizzu denies political targeting in SOE layoffs
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Govt says domestic debt will decrease after "reform" effort
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Hanimaadhoo projects at risk as funds diverted to Hirimaradhoo
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Finance Minister Zareer appointed President of LGA
Business
WAMCO demands refunds after double salary error
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