Government proposes MVR 42.6 billion budget for 2023

The budget deficit for the next fiscal year is expected to be MVR 8.4 billion. This is a deficit of 8.1% in terms of productivity or GDP.

31 October 2022

2023 budget is a credible roadmap, finance minister says

31 October 2022

MMA concerned as budget lacks proposal to repay printed money

The MMA has pointed out that this is leading to a growing financial crisis.

11 November 2022

Maldives to sell first eco bonds to finance 8.4 billion deficit

The government aims to fund environment-related projects by selling green or blue bonds worth MVR 771 million in the foreign market over the next three years.

31 October 2022

MVR 430 million allocated for 2 new subsidies

Financial institutions have always advised the Maldives to manage subsidies better.

1 November 2022

MMA relaxes stance on T-GST hike

According to the central bank, T-GST hike will boost state revenue from foreign exchange

13 November 2022

Offices asked to take austerity measures

The circular will come into effect from Wednesday.

1 February 2023

3 days for budget debate; to begin on Tuesday

Finance minister Ibrahim Ameer presented a budget of MVR 42.68 billion to the parliament last week. It has a deficit of MVR 8.4 billion.

7 November 2022