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A digest of news and opinion from the Maldives.

Government Expenditure

Cargo unloading in Malé

State revenue tops govt expenditure by Nov end

By Maldives Times 2 min read

Cargo unloaded at Male Commercial Harbour. PHOTO/MIHAARU Official statistics show that this year’s state revenue slightly exceeded government expenditures by the end of November. According to the finance ministry, the state raked in MVR 18.2 billion as income and free aid while expenditure stood at MVR 18.01 billion. Statistics also show a surplus of MVR […]

BML employee counting US dollars

Reserves drop to USD179 mln in October

By Maldives Times 2 min read

An employee of BML pictured counting US Dollars. Following a drop in US Dollar revenue, the usable reserve of the state treasury declined to USD 179 million by the end of October. According to Maldives Monetary Authority (MMA)’s economic review, the central bank’s usable reserve stood at MVR 179.8 million by October end, which is a […]