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The year 2021 has been marked as a challenging year in terms of the Maldives' public finance management, considering that only MVR14.7 billion in revenue was raised in 2020 due...
4 min read
The current Minister of Youth and Sports, with a prominent focus on football, Ahmed Mahloof has been topping the charts as one of the more controversial scandals of 2021.
3 min read
A political party is an organised group of people who share similar beliefs about how the country should be run and how to solve the major issues facing the country....
3 min read
On 29 November 2021 the Maldives’ retail economy was virtually brought to a standstill. The Bank of Maldives, while doing some routine upgrades — that the company had failed to...
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The government, in its proposed budget for 2022, estimated expenditure on wages, salaries and other allowances for state employees at MVR9.7 billion, a 13 percent increase over the MVR8.2 billion...
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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...
2 min read
The Government estimates total debt (including government guaranteed debt) to reach MVR94 billion by the of 2021, which is 122 percent of GDP. This includes MVR46.7 billion in domestic debt,...
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...
