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Government Subsidy
Maldives faces slower growth, World Bank urges fiscal reforms
The Maldives currently has a high debt burden, exceeding USD 8 billion, which is equivalent to 122.9% of its GDP.
9 May 2024
Budget proposes to consider income in council payouts
"Our intention is to encourage [councils] to generate revenue first. Don't just rely on block grants," he said.
1 November 2023
Targeted subsidy policy has new govt's backing: Finance ministry
The government in the 2024 budget has proposed to change the existing blanket subsidy policy to provide targeted subsidies only to those in need from July 2024.
1 November 2023
Targeted subsidies from July 2024; inflation to hike to 3.9%
MVR 2.2 billion has been budgeted for the change in subsidy policy.
31 October 2023
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Govt mulls cheaper oil import instead of subsidy rationalisation
If the cost of fuel subsidies is not reduced, the cost of fuel subsidy will be close to MVR 2 billion this year as well.
27 April 2023
Budget rendered 'useless'; MVR 73m projects outside budget
The report notes that various projects are included in the budget as ghost projects.
13 October 2023
