4 min read
The Government Budget includes details of expenditures to be incurred during the year on public goods, infrastructure projects, social protection services, and other spending on economic development projects. The annual...
3 min read
On 17 November, the public finance committee of the Maldivian Parliament passed a resolution extending the open credit line to the government from the Maldives Monetary Authority (MMA). Although the...
2 min read
The Maldivian government spent MVR339.2 million in 2015, and MVR291.9 million in 2016 on subsidies for rice, flour and sugar. The government controls prices at MVR5.50 per kilogram for rice...
8 min read
With the new budget announced earlier this week, MFR welcomed the opportunity to sit down the with the chief architect of the new, ambitious budget plan, Minister of Finance, Ibrahim...
3 min read
Minister of Finance, Ibrahim Ameer, presented the national budget for 2022 to parliament last week, with expenditure estimated at MVR36.925 billion. The projected revenue and grants for the year is...
3 min read
The Government of Maldives’ new estimates for the GDP growth rate for 2021 is at 31.6 percent, while the previous estimate was at 13.5 percent. The latest forecasts of the...
3 min read
All state organisations, just like private companies, are required to prepare annual financial statements, and get them audited by an external auditor. The external auditors are required to examine, inspect...
6 min read
Since 2004, the Maldives started her journey to move towards a modern democracy and this was cemented with the enactment of the new constitution in 2008 by President Maumoon Abdul...
5 min read
On 9 August 2021, Minister of Finance Ibrahim Ameer announced the decision to avail a further USD30 million from the International Monetary Fund (IMF), in addition to the USD28.9 million...
