Finance minister highlights risks of insufficient budget allocations
Minister of Finance Moosa Zameer has voiced concerns that inadequate financial allocations for development projects could lead to significant delays and hinder long-term progress. The...
Gov’t pays outstanding bills worth USD428 million to state-owned enterprises
President Dr. Mohamed Muizzu has announced that a total of USD428 million has been paid to settle outstanding debts owed to state-owned enterprises (SOEs). When...
“State budget 2025 will prioritise the commitments of the President”
Ministry of Finance has announced that the state budget 2025 will prioritise fulfilling the commitments of President Dr. Mohamed Muizzu, with a particular focus on...
Next year’s budget to be the first to follow IMF guidelines: Gov’t
Deputy Minister at the Ministry of Finance Ahmed Saeed Musthafa has stated that next year’s state budget will be the first to be prepared in...
Committee to conclude budget review by November 20
The Budget Committee of Parliament has decided to conclude its review of the 2025 budget by November 20. During its most recent meeting, the committee...
Parliament approves supplementary budget of USD 332 million
The Parliament has approved the supplementary budget of USD 332 million as proposed by the government. This budget was passed with 75 votes in favour,...
Committee approves USD 7 million budget for Auditor General’s Office
The Parliament's Budget Committee has approved a budget of USD 7.39 million for the Auditor General's Office (AGO) for the upcoming year. The Constitution mandates...
MIRA notes progress in efforts to recover outstanding debts
Commissioner General of Taxation Hassan Zareer has said positive progress in the Maldives Inland Revenue Authority's (MIRA) efforts to recover outstanding debts. Speaking to PSM...
State records increase in revenue so far this year
The Ministry of Finance has recorded an increase in state revenue so far this year compared to last year. The Weekly Fiscal Development Report released...
IsDB discusses Islamic finance in Maldives
The Islamic Development Bank Institute (IsDB) has held discussions on the development and promotion of Islamic finance in the Maldives. The talks were held during...