State Revenue

42 articles

Three resorts extend lease period to 99 years

The 13th Amendment to the Tourism Act, which came into force on August 29, gave six months to extend the lease period of islands, lands and lagoons for resort development to 99 years by paying USD 5 million.

2 years ago

Business

Resorts exchanged only MVR 68 million with banks

According to the central bank, resorts generated USD 4.5 billion in revenue last year, out of which only USD 2.3 billion or 52 percent was deposited in banks in Maldives.

2 years ago

Business

Three resorts extend lease period to 99 years

Resorts exchanged only MVR 68 million with banks

SDF has to be used if money cannot be raised by end of the month

19 proposals for budget financing

Ameer explains MDP govt's use of debt

Fitch downgrades Maldives to "junk" rating

Tax revenue rises as non-tax revenue falls

Govt expenditure grows by MVR 627 million

Maldives explores sale of blue carbon credits with ITFC

"Fiscal reform agenda necessary for sustainable growth"

Budget deficit in first week of March

MIRA collected MVR 3.6 billion in January

Budget surplus with lower spending and revenue

Fewer resorts named as land rent non-payers

"Inflation likely without foreign financing"

Unpaid taxes, resort rent rises

Pay rise proposed for all state employees

93 percent of supplementary budget funded through debt

President pledges budget surplus in second term

Income tax receipts exceed forecast