Revenue Measures

Floating the exchange rate

5 min read
The Maldivian government first implemented a floating exchange rate in 1987. The exchange rate had been MVR8.50 at the time of initial change, but almost immediately spiked to MVR12 reflecting...

Fiscal performance

2 min read
According to statistics issued by the Ministry of Finance, the Ministry of National Planning, Housing and Infrastructure received the highest funding for the year. 

Who pays the bills

4 min read
The Maldivian parliament approved a budget over MVR34 billion for 2021, despite the forecasted decline in revenue since 2020, mainly due to the COVID-19 pandemic. Pre-COVID, in 2019, the government...