2025 budget first to align with IMF guidelines, ministry says

Saaid emphasised the need to better target assistance to those in need.

5 November 2024

Govt requests extra MVR 699m in council grants

With this adjustment, councils will receive more than MVR 2 billion in block grants.

6 November 2024

MDP questions delay in 2025 budget book

Fazad responded by assuring the committee that he had clarified the issue and that the book might arrive as early as Monday or Tuesday.

4 November 2024

Maldives begins talks to refinance over $1 billion in debt

Zameer also confirmed that final steps are underway for securing $100 million in budgetary support from a partner.

15 November 2024

Budget committee appoints Fazad as chair, Saleem as deputy

The committee will complete its review of the budget by the 20th of this month.

4 November 2024

President declares 2025 budget for housing, homeownership

President Muizzu noted that housing and homeownership ranked just behind defence and national security issues.

5 November 2024

2025 budget projects lowest deficit since 2019, minister says

Zameer noted that the current 2024 budget relied on reform measures that remain unimplemented, without sufficient deficit reduction initiatives.

31 October 2024

Maldives proposes tax reform on destination principle

Zameer outlined several revenue-raising measures, including adjustments to tax and fee rates associated with tourism.

31 October 2024