Maldives' debt crosses MVR 100b at 2022 end

According to finance data, the government has taken eight new loans in the last one year.

7 February 2023

SOE balance sheets: Reality far from rosy headlines

"Financial matters are not at their best in state-run companies. We are trying our best to rectify them," Asim said.

7 February 2023

MVR 430 million allocated for 2 new subsidies

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

1 November 2022

Tax hike alone not enough, urgent cost cuts needed: World Bank

According to the World Bank, inflation in the Maldives, which is currently at 4%, is expected to rise to 5.7% this year.

7 May 2023

MVR 1.51b tax revenue in November

At the end of last month, the state earned MVR 19.4 billion in revenue through MIRA.

10 December 2022

IMF says Maldives on right track to reduce hight debt

"Restructuring debt is not an easy task. But first, the country should decide whether this is the situation. After that, the IMF will continue to help.

23 February 2023

Despite looming cost hikes, subsidy reforms take back seat

Local experts say it was not possible for any government to reform subsidies

8 May 2023

MPs call for green tax allocation to origin islands

Some MPs have said that if Green Tax is distributed to an island, it is unfair to other islands.

5 September 2022