Fiscal Status

6 articles

Minister Hassan Zareer attends the official launching ceremony of the "SIDS Global Business Network Forum 2026" and the "Island Investment Forum."

Maldives' reserves currently hold enough funds to cover only one and a half months of imports

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