Finance Ministry

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Government settles final $50 million debt to SBI

The government has fully repaid a $150 million debt to the State Bank of India, settling the final $50 million installment this month. The debt, originally incurred in 2019, was cleared in three stages under the current administration. This payment is part of a broader $2.3 billion effort to service foreign debt over the last two years.

4 days ago

News

More than 60,000 people earn a monthly income of over MVR 60,000

Over 60,000 people in the Maldives now earn more than MVR 60,000 monthly, contributing to a significant rise in individual income tax revenue. In response, the government will limit full Aasandha health insurance for these high earners starting in October. This policy shift aims to save MVR 287 million for other public services.

1 week ago

Business

Latest

Government settles final $50 million debt to SBI

More than 60,000 people earn a monthly income of over MVR 60,000

Debt nears MVR 100 billion as domestic borrowing surges

USD 1.5 billion framework agreement signed with ITFC

Male’ Mayor warns of service collapse following grant cuts

Securities debt surpasses MVR 100 billion with Pension Fund bond

Zariyand question fiscal policies with record USD inflows

Govt takes USD 80 million in loans for fuel imports and harbors

Shahid slams new units as pretext for more political jobs

Muizzu denies political targeting in SOE layoffs

Govt says domestic debt will decrease after "reform" effort

Hanimaadhoo projects at risk as funds diverted to Hirimaradhoo

Finance Minister Zareer appointed President of LGA

WAMCO demands refunds after double salary error

Yameen projects Muizzu’s debt to hit MVR 90 billion

Subsidy spending doubles with budget nearing exhaustion

Tax Commissioner Hassan Zareer appointed Finance Minister

Maldives Finance Minister Moosa Zameer resigns

Fitch upgrades Maldives to ‘CCC-’ after sukuk payment

Pay Commission Secretary General resigns