A digest of news and opinion from the Maldives.
Parliament of Maldives has approved the budget for 2021 on last Monday. The budget of MVR 34.9 billion was passed with 68 parliamentary votes with only one member voting against the matter. Ministry of Finance originally proposed a budget of MVR 34.7 billion for the upcoming year and estimated revenue of MVR 17.8 billion including […]
The 2021 State Budget proposed by the Ministry of Finance has now been passed by the Parliament’s Budget Committee, with the addition of MVR 134 million. The budget, which was initially set by the Finance Ministry at MVR 34.78 billion, was passed by the Committee at a figure of MVR 34.9 billion. The Budget Committee […]
International financial research and credit rating agency, Moody’s Investors Service (Moody’s) has said that the 2021 budget proposed by the Maldivian government underscored the significant fiscal deterioration of the country amid the collapse of the tourism industry. According to a publication released on Friday, Moody’s stated that the proposed budget for 2021 highlighted the government’s […]
On Monday, the Ministry of Finance submitted a state budget of MVR 34.7 billion for 2021 to the Parliament. It outlined an ambitious plan to increase national income by MVR 1.6 billion in 2021, by introducing six new measures. Summary of proposed activities and projected revenue: Licensing a new telecom operator and frequency spectrum charges: […]
The proposed government budget for 2021 has been submitted for review to the Parliament yesterday. According to the Ministry of Finance, the proposed 2021 budget has now been submitted, the details of which will be revealed during the Budget Statement delivered by the Minister of Finance, Ibrahim Ameer. To our knowledge, the budget for next […]