Maldives government generated a revenue of MVR 1.18 billion in September 2023, reports Maldives Inland Revenue Authority (MIRA). According to…
Government’s losses and write-offs reached MVR 374 million as of October 12, which is thrice more than originally budgeted for…
Maldives Police Service said they have received possible incriminating evidence or information of potential financial mismanagement by senior members of…
The cumulative total of state expenditures reached MVR 35.9 billion as of October 12, 2023. According to the Ministry of…
Ministry of Finance forecasts that state debt will reach to MVR 129 billion in 2024. The ministry in its Fiscal…
The president-elect’s office has said that the state-owned enterprises (SOEs) are experiencing severe cashflow shortages. According to the office, the…
Ministry of Finance has revealed Maldives government spent nearly MVR 300 million from the 2023 fiscal budget on treasury loans…
One of the largest credit rating agencies in the world, Fitch Ratings, has once again assigned a “B minus” rating…
Maldives government has sold an additional MVR 3.1 billion worth of treasury bills (T-Bills) to adjust state expenditure. The Ministry…
The World Bank has forecast Maldives’ national debt to Gross Domestic Product (GDP) to increase by 115%. The bank said…