Green Tax Haul Doubles in April After Rate Hike
Green Tax revenues for April 2025 more than doubled compared to the same period last year, according to the latest figures...
July Economic Update Reveals Divergence Between Recurrent Spending and Reserve Growth
The latest Economic Update by the Maldives Monetary Authority (MMA) shows signs of persistent pressure on public finances, as debt levels remain...
Maldives Posts MVR 1.3 Billion Surplus Amidst Weak Capital Expenditure
The latest Weekly Fiscal Developments report by the Ministry of Finance shows a striking divergence between rising government revenue and sluggish expenditure,...
Maldives Budget Surplus Sustained by Longstanding Capital Spending Shortfalls
The Government of Maldives has recorded a budget surplus of MVR 628.2 million as of 26 June 2025, according to the Ministry...
Gov’t Spending Trails Behind Revenue as Maldives Posts MVR 1.36 Billion Surplus
The Maldives recorded a budget surplus of MVR 1.36 billion as of 19 June 2025, despite subdued government spending on capital projects....
Real GDP Growth Improves, but MMA Forecasts Trimmed for 2025
Maldives’ real economy showed signs of modest acceleration in the first quarter of 2025, with gross domestic product (GDP) expanding by 2.5...
Transition to ‘Tradian’ Trade Platform Delayed Until Further Notice
The Ministry of Economic Development and Trade announced today a delay in the full transition to the “Tradian” platform—the Maldives’ first National...
Ministry to Develop Northern Logistical Hub Through Kulhudhufushi Harbour Expansion
The Ministry of Economic Development and Trade will develop a logistical hub to serve the islands of Haa Alif, Haa Dhaalu, and...
Global Economic Outlook Highlights Risk Factors for Small Island States
The latest Global Economic Prospects (GEP) report by the World Bank, published in June 2025, presents a cautious outlook for the global...
MMA Reaffirms Commitment to Transparent Licensing Amid Unverified Claims
The Maldives Monetary Authority (MMA) has confirmed that it recently issued pre-operational permits to two parties in full compliance with established regulations....
Recurrent Costs Rise While Capital Spending Falls Behind
The Maldives recorded a surplus of MVR 1.95 billion in the latest fiscal update, but a closer look reveals a widening...
Tax Revenue Rises Despite Decline in Business and Import Duties
The Maldives recorded MVR 15.35 billion in tax revenue by 10 July 2025, showing continued recovery and strength in key revenue streams...
Ministry of Economic Development and UNDP Sign MoU to Boost Maldivian Export Development
The Ministry of Economic Development and Trade (MEDT) signed a Memorandum of Understanding (MoU) with the United Nations Development Programme (UNDP) yesterday,...
March Revenue Hits MVR 3.38 Billion with Strong Tax Collections
The Maldives Inland Revenue Authority (MIRA) reported a total revenue collection of MVR 3.38 billion for March 2025, marking a 15.1%...
Maldives Sees Modest Inflation Rise in May, Driven by Electricity and Food Prices
Inflation in the Maldives edged up in May 2025, with the Consumer Price Index (CPI) rising by 0.48 percent compared to April....
February Revenue Up by 5.4% Year-on-Year Driven by Lease Extension Fees and Income Tax
Revenue collections for the Maldives have shown positive growth in February 2025, reaching a total of MVR 2.47 billion. This represents a...
Domestic Prices Decline in April, Led by Drop in Food and Utility Costs
Consumer prices in the Maldives declined for a second consecutive month this year, according to the latest Consumer Price Index (CPI) data...
World Bank Calls for Radical Transparency to Prevent Debt Crises in Developing Countries
A new World Bank report warns that opaque debt practices are endangering the financial stability of many developing countries and calls for...
Tourism Revenues Fuel Fiscal Surplus, But Development Spending Falls Short
The Maldivian government has reported a fiscal surplus of MVR 1.1 billion for the year to date as of 5 June 2025,...
Maldives Maintains Budget Surplus as Development Spending Stagnates
The Maldives recorded a budget surplus of MVR 1.05 billion as of 17 July 2025, according to the Ministry of Finance’s latest Weekly...
MMA Report Shows Easing Inflation, But Food and Dining Costs Still Rising
The Maldives recorded an inflation rate of 3.8 percent in June 2025, a notable drop from 4.6 percent the previous month, according...
VP Urges All Maldivians to Contribute to Economic Transformation
Vice President Hussain Mohamed Latheef has called on all Maldivians to actively contribute to rebuilding a strong, resilient national economy. He made...
Surplus Story Cracks Under Pressure of Stalled Capital Spending
The Maldives has recorded a budget surplus of MVR 314.3 million as of 31 July 2025, continuing a fiscal pattern seen throughout...
Minister Urges Reforms to Boost State Revenue from Maritime Activities in EEZ
Minister of Transport and Civil Aviation Mohamed Ameen has emphasised the need for the state to benefit more directly from maritime activities...
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