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.
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...
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...
5 min read
Maldives seems to be levying income tax based on the premise that it is a developed nation with an admirable GDP; however, this belies the on-the-ground reality. Income disparity and...
7 min read
President Ibrahim Mohamed Solih, in his presidential address on 7 February 2019, stated that his Administration aims to raise the foreign currency reserves to USD1 billion by the end of...
7 min read
On 25 April 2021 ,the Maldivian parliament, just one day prior to the maturity of an overdraft of MVR4.4 billion [USD285 million]taken by the Solih administration from the Maldives Monetary...
