Ministry of Finance

57 articles

Indian President Droupadi Murmu and Prime Minister Narendra Modi alongside President Dr. Mohamed Muizzu during the official welcoming ceremony held at Rashtrapati Bhavan in New Delhi on Monday, October 7, 2024.

Maldives settles final $50 million treasury bill to State Bank of India after extension request denied

President Muizzu appoints Nimal as CEO of the Local Government Authority.

LGA expenditures exceed allocated budget

President Dr. Mohamed Muizzu meets with the Shaviyani Atoll Council.

Shaviyani Atoll Council spent MVR 200,000 on a 2024 study tour in violation of Ministry guidelines: Audit Report

President Muizzu has stated that measures are being taken to reduce government spending. However, state expenditures have increased by 19.3 percent compared to last year, reaching 28.74 billion Rufiyaa.

Expenditure on salaries and allowances reaches MVR 9.39bn, marking an 11.1 percent increase compared to last year!

President Dr. Mohamed Muizzu (R) and Finance Minister Moosa Zameer (L) attend a government ceremony held to award various development projects.

Gov't seeks consultant to assess impact of state policies on SOE finances for a monthly salary of MVR 46,000!

Mariyam Nazleena Appointed as Accounting and Finance Member to the Board of Infrastructure Development Solutions Company Limited (IDS)

Member appointed to board of company established by President to expedite development projects

Spending on salaries and allowances continues to rise under President Muizzu's administration, with total expenditure reaching MVR 25.5 billion.

Spending on salaries and allowances continues to rise, with the budget deficit reaching MVR 1.4 billion

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

Kulhudhuffushi City Mayor Mohamed Athif speaking during RaajjeTV’s "Fashaairu" program.

Mayor Athif: No Approval Received After a Year of Seeking Finance Ministry Permission for Real Estate Housing Project

STELCO building.

STELCO records MVR 239 million in net profit for the past year: Audit Report

STELCO building.

State institutions owe STELCO over MVR 948 million in outstanding payments

Several resorts are currently under development on reclaimed land within a lagoon.

Regulations for SOEs to develop resorts, gazetted

President Muizzu has appointed Hassan Zareer, who previously served as the Commissioner General of Taxation, as the new Minister of Finance.

Commissioner General of Taxation, Zareer appointed as Minister of Finance

Former President of the Maldives Broadcasting Commission (BroadCom), Safa Shafeeq, at a meeting of the People’s Majlis.

Audit Report: No record of Broadcasting Commission receiving any portion of the MVR 30 million owed in 2024

Expenditure on subsidies has reached MVR 2.2 billion so far this year, marking a 77 percent increase compared to the MVR 1.2 billion spent during the same period last year.

Spending on subsidies increases by 77 percent

President Dr. Mohamed Muizzu (R) and Finance Minister Moosa Zameer (L) attend the government ceremony held to award various projects. | President's Office

Official reserves are sufficient to navigate economic shocks and facilitate essential imports: Ministry

Members of the F. Nilandhoo Island Council. | Nilandhoo Council.

MVR 1.7 million of F. Nilandhoo Council's revenue remains unrecorded

The members and staff of the Faafu Atoll Council. | F. Atoll Council

Audit: Faafu Atoll Council’s visit to Sri Lanka to study tea production and procure goods for the atoll shop was a wasteful expenditure

Maldivian currency notes and coins

Gov’t to raise MVR 2.26bn through treasury bill sales

Police obstruct MDP members from entering the finance ministry. 08.09.2025.

MDP lawmakers enter Finance Ministry after Zameer fails to appear before Majlis

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