Fiscal Status

5 articles

Ministers stand in honor as President Muizzu arrives for Cabinet meeting.

87 percent of budget spent on recurrent expenditure; PSIP spending drops by 16 percent as budget deficit hits 1.5 billion

The largest share of revenue is generated from the Tourism Goods and Services Tax (T-GST).

State budget deficit reaches MVR 1.5 billion

Minister of Finance and Public Enterprises, Hassan Zareer.

Reduction in state expenditure is not due to permanent cost-cutting measures, but rather a result of delaying payments on outstanding bills: World Bank

Chief Government Spokesperson Mohamed Hussain Shareef speaking during the "Presser with the Spox" program.

Government has never claimed that Maldives is in a favorable financial position: Chief Spokesperson

Minister of Economic Development and Trade Mohamed Saeed speaking to press

Economic minister unsure of why state revenue declined