Public Expenditure

47 articles

Over a year since govt stopped disclosing travel expenses

Over a year has passed since President Muizzu’s government stopped disclosing foreign travel expenses, breaking a pledge to release costs within 15 days of each trip. Despite a lack of transparency, official data shows travel spending has exceeded the state budget, even as some trips are reportedly funded by anonymous businessmen.

3 months ago

News

Nasheed warns on spending amid revenue drop

Former President Mohamed Nasheed expressed concern over high government spending despite a 30% drop in tourism revenue. While thanking India for a new 30 billion Rupee swap facility to manage debt rollovers, he warned that the Maldives needs a more sustainable fiscal plan to address the ongoing economic downturn and foreign exchange pressure.

5 months ago

Business

Over a year since govt stopped disclosing travel expenses

Nasheed warns on spending amid revenue drop

Budget surplus at MVR 2 billion in first ten weeks

Fiscal report published after a two-month hiatus

MVR 1.5 billion spent on subsidies after exhausting budget

"MVR 160 million per month on political appointees"

Funds approved for 37 media outlets, withheld for two

"There are 4,100 political employees, payroll rose by MVR 6bn"

MVR 1 billion deficit after 40 weeks of surplus

Registrations begin opening for govt’s Ramadan gifts

MNDF to acquire military aircraft next year

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

MVR 12 million spent on DBM which is yet to start operations

MVR 1.2 billion spent on salaries and allowances in a month

Budget surplus drops below MVR 200 million

No fiscal reports for one month as finance minister tours atolls

Advance payments without guarantee for handpicked projects

AG Office says it does not maintain financial records

Govt borrows MVR 13 billion from domestic market

Fitch maintains "Junk" rating for Maldives