Gov’t Surplus Driven by Slower Capital Spending and Stronger Tax Collections
The government’s latest Weekly Fiscal Developments report reveals that revenue growth has outpaced expenditure, resulting in a…
Section
Economy
Former President Nasheed Pushes for Spending Pause to Stabilise Finances
Former President Mohamed Nasheed has urged the Maldives to slow down its pace of development,…
World Bank Warns of Mounting Fiscal Risks in Maldives Amid Tourism-Driven Economy
The World Bank’s South Asia Development Update (October 2025) places the Maldives’ economic outlook in…
Maldives’ September Revenue Surges 30.7% Driven by Tourism and One-Off Lease Payments
Government revenue for September 2025 reached MVR 3.01 billion, marking a 30.7 percent increase compared…
Maldives’ Sea-to-Air Cargo Handles 433 Tonnes of Cargo in September
Maldives’ sea-to-air cargo service handled 433 tonnes of transshipments in September, equivalent to 111 TEUs…
MMA’s September Statement Shows Increase in Foreign Reserves and Stable Domestic Liabilities
The Maldives Monetary Authority’s (MMA) latest balance sheet for September 2025 shows a modest increase…
Q2 Labour Survey Reveals Uneven Growth Across Male’s Workforce
The latest Labour Force Survey by the Maldives Bureau of Statistics (MBS) for the April to June…
Maldives Inflation Rises to 4.14 Percent in August as Food Prices Continue to Climb
Inflation in the Maldives accelerated in August 2025, with the Consumer Price Index (CPI) rising…
Gov’t Reports Surplus as Infrastructure Budgets Remain Underutilised
The Ministry of Finance and Planning’s latest Weekly Fiscal Developments, published on 23 September, shows…
Maldives’ Economy Grew 3.5% in 2024 as Tourism Offset Fisheries Decline
The Maldives economy expanded by 3.5 per cent in real terms last year, but the…
Maldives Posts Surplus as Tourism Taxes Rise, But Capital Spending Slows Sharply
The Ministry of Finance’s latest Weekly Fiscal Developments report, covering data up to 4 September…
Revenue Collection Rises 6.9% Year-on-Year, Boosted by Tourism Growth
The Maldives Inland Revenue Authority (MIRA) has reported total revenue of MVR 2.12 billion for…
MMA Reports Higher Financial Assets but Weaker Reserves
The Maldives Monetary Authority (MMA) reported an expansion of its financial position in August 2025,…
Food Prices Drive August Rise in Essential Commodity Inflation
The Maldives Bureau of Statistics reported that the Essential Commodities Price Index (ECPI) for Malé…
Maldives’ Public Debt Reaches MVR 148.9 Billion in Q2 2025
The Ministry of Finance and Planning’s latest Debt Bulletin shows public and publicly guaranteed (PPG)…
MMA Reports Decline in Reserve Money, Growth in Private Sector Credit
The Maldives’ monetary landscape in July 2025 revealed mixed signals, with reserve money contracting while…
Badhuruddheen Hassan Appointed Managing Director of SDFC Following Transition to BML Subsidiary
Badhuruddheen Hassan has been appointed as the new Managing Director of the SME Development Finance…
Weak Capital Expenditure Drives Fiscal Surplus of MVR 534 Million
Government finances showed a surplus of MVR 534.6 million by the end of August 2025,…
Inflation Steady at 4% in July as Tobacco and Food Costs Dominate
The rate of inflation in the Maldives remained unchanged at 4% in July 2025, according…
Maldives Economic Growth Steady but Slower Than Expected in 2025
The Maldives economy recorded modest growth in the first quarter of 2025, while key sectors…
Inflation Slows in July as Food Prices Edge Up, Transport Costs Fall
Inflation in the Maldives slowed slightly in July, with the Consumer Price Index (CPI) for…
Maldives Records USD 13.2 Billion in Remittances, While Expatriates Sent USD 143 Million Abroad in 2024
Remittances continued to be a major feature of the Maldivian financial landscape in 2024, with…
Gov’t Finances Post Surplus in June as Revenue Outpaces Spending
The Ministry of Finance and Planning has reported that government finances turned to surplus in…
Services Sector Felt Biggest Price Rise After 2023 Tax Increase, Study Shows
A new study by the Maldives Monetary Authority (MMA) has found that the January 2023…