Finance Ministry Commences 2027-2029 Budget Preparation
The Ministry of Finance initiates the 2027-2029 medium-term budget process with a focus on fiscal sustainability and strict austerity measures.
Maldives Slashes State Expenditure by MVR 5 Billion
The Maldives government reduced state spending by MVR 5 billion, bringing the budget deficit down to 3.6% of GDP while maintaining essential services.
Maldives Settles $400 Million Debt Owed to India
The Maldives government has settled a $400 million debt to India, a major move aimed at improving fiscal stability and international confidence.
Finance Ministry Pledges Stability Amid Middle East Unrest
The Ministry of Finance pledges to safeguard essential services and manage state spending amid rising global oil prices and Middle East tensions.
Maldives Implements Austerity: Non-Essential Foreign Travel Suspended
Maldives government suspends non-essential foreign travel and freezes SOE hires to mitigate potential revenue impacts from the Middle East conflict.
