Maldives proposes MVR 56.6 billion budget for 2025

It includes a deficit of MVR 9.4 billion, marking the lowest budget deficit in recent years

31 October 2024

Maldives' state spending drops 15.6%

Recurrent expenditure decreased by 1.7 per cent, while capital expenditure recorded a sharper fall of 57.4 per cent.

3 September 2025

Maldives records budget surplus for 7 months as spending declines

Budget deficit for the same period last year was MVR 6.4 billion, while the 2023 deficit for the corresponding period stood at MVR 4.2 billion.

6 August 2025

Maldives records 7.9% revenue hike; reaches MVR 20.5 billion

Tax revenue accounted for MVR 15.7 billion, or 76.3 per cent of total revenue.

2 August 2025

Maldives revenue increases by 8.9% to MVR 20.1 billion

The government also deposited MVR 1.1 billion into the Sovereign Development Fund, representing a 54.4 per cent increase from the same period last year.

16 July 2025

MIRA collects MVR 2.12 billion in August, exceeding projections

The increase was attributed to higher receipts from the tourism and green taxes, along with the settlement of previously unpaid taxes.

11 September 2025

Expenditure falls 15.5% to MVR 25.4 billion by early Sept

The government currently maintains a budget surplus of MVR 868.7 million.

14 September 2025

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