A digest of news and opinion from the Maldives.
The latest statistics show that total COVID-19 related state expenditure has reached MVR 2.72 billion. Of this, MVR 1.3 billion has been spent on health and social efforts. According to the weekly COVID-19 spending report by the Ministry of Finance, a total of MVR 1,342.6 million was spent on health and social efforts by 10th […]
Ministry of Finance has announced that Government offices have to submit procurement transactions below MVR 5 million in accordance with the amended public accounts policies. The announcement on the Finance Ministry’s website indicates that the procurement statement has to be submitted to the gazette within five working days. It also states that the Finance Ministry […]
Following the changes to regulations to strengthen the work in Maldives Monetary Authority (MMA), laws have been amended to widen the work scope of MMA’s Board of Directors. The amendment to the bill was proposed by the parliamentary representative of Keyodhoo constituency, Hussain Qasim and reviewed by the Public Accounts Committee. The bill was passed […]
The latest statistics released by the Ministry of Finance reveals that, as of 26th November, the state’s revenue is at MVR 12.7 billion, while expenditure is at MVR 24 billion. The figures, which were released on Thursday, present a deficit of MVR 11.3 billion. The state revenue figure includes MVR 9.7 billion from tax revenue, […]
Interpol’s National Central Bureau (NCB) in Male’ has signed an agreement with Maldives Monetary Authority’s Financial Intelligence Unit (FIU), granting access to the Interpol’s information database. The agreement was signed during a special function held last Tuesday, at Maldives Police Service’s “Iskandar Building”. On behalf of Interpol (NCB), Commissioner of Police, Mohamed Hameed signed the […]
The Auditor General’s Office (AGO) has now launched its Strategic Plan for the years 2021-2024. It was launched in a special ceremony held on Tuesday, in commemoration of the AGO’s 72nd anniversary. The plan was unveiled by Auditor General Hassan Ziyath and Member of Parliament for Addu’s Meedhoo constituency Rozaina Adam. According to Hassan Ziyath, […]
A report has been released by the Auditor General’s Office revealing that spending by the President’s Office in 2019 was conducted in accordance with the Public Finance Regulation. The audit report on expenditure by the President’s Office in 2019 was released by the Auditor General’s Office on Monday. The report states that the spending complied […]
Minister of Finance, Ibrahim Ameer has stated that in order for the Maldives to recover economically, it is crucial that the proposed 2021 State Budget is passed in Parliament without any amendments. The Finance Ministry announced that the 2021 Budget will be MVR 34.7 billion. However, since its proposal, several members of Parliament have voiced […]
The government marked two years of President Ibrahim Mohamed Solih’s term yesterday. Records show that 123 projects have been completed within that period. As per statistics compiled by the President’s Office, a large number of these projects are in relation to the health, education and sports sectors of the Maldives. Projects completed within two years […]