Expenditure | Atoll Times

Expenditure

Maldives revenue hikes 7.6%, reaches MVR 16.5 billion

The increase in revenue has also contributed to a 47.1 per cent rise in contributions to the Sovereign Development Fund compared to the same period last year.

Maldives budget records MVR 1.2 billion surplus

As of last week, total government expenditure stood at MVR 15.3 billion.

Recurrent state expenditure declines by 3.8%

These trends have led to a budget surplus of MVR 1.1 billion.

Govt recurrent spending declines; tourism revenues hike

The weekly fiscal report showed that the overall budget surplus had reached MVR 1.6 billion, compared to a MVR 2.1 billion deficit in the same period last year.

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Govt asks parliament for confidentiality of debt, expenses

Previously, the Ministry of Finance shared the reports with the parliament and even published them on the website.

MNP slams appointment of 5 managing directors to central bank

The first decision taken by the new MMA Governor Ahmed Munawwar after taking office was to make changes to the bank's structure.

Fenaka fires 700 staff to cut costs

More than 900 employees have already been laid off since the Muizzu government took over Fenaka.

State-owned companies record over 2 billion loss

There are three SOEs that have to spend twice or even thrice more on employee salaries and allowances than they earn.

Aasandha reforms to begin in October

The Finance Minister repeatedly said that the changes can only be brought about after explaining things to the people as clearly as possible.

MACL announces major cost cutting measures, assures no pay cuts

The MACL MD said that it is important for a company like MACL to cut costs at this time in support of the President's policy to reduce government spending.

MPs reverse decision to limit VIP service to immediate family

The state had spent USD 327,650 (MVR 5.05 million) on VIP lounge expenses between 2012 and 2017.

Double pension costs MVR 33m per month: Pension Office

Sujatha explained in great detail how the double pension costs MVR 33 million.