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...
5 min read
Monday, 8 November 2021, was a landmark day for the Maldives. Published in the 50th Volume, Issue 289 of the Maldivian Gazette, a minimum wage was mandated for the first...
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...
5 min read
Democracy has been quite an elusive dream, introduced, as reinforced upon us in recent times, to the Maldivian people in the 2000s by Mohamed Nasheed. Charismatic, driven, and supposedly not...
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...
4 min read
On 31 October, the Minister of Finance submitted the national budget for 2022 to parliament. Total revenue and grants to be received in 2022 is estimated at MVR24.28 billion, with...
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...
