The approved State Budget for the upcoming 2020 by Maldives parliament expects a deficit of MVR6 billion.According to the Ministry of Finance, the initial proposal...
Category: Economy
Tax revenues hit MVR15.1b, GST hit over MVR7b in annual terms
The total tax revenues has hit MVR15,083.4 million in annual terms as per Ministry of Finance.According to the ministry’s Weekly Fiscal Development, the cumulative non-tax...
State expenditure hits over MVR24.8b, revenue cross over MVR21.7b
The government spending as of 28 November 2019 has reached MVR24.8 billion.According to Ministry of Finance, the cumulative spending for the year by state has...
Maldives Fisheries industry observes positive growth in Q3-2019
The Maldives fisheries industry showed positive growth during the third quarter of 2019.As per stats coming off from Maldives Monetary Authority (MMA), fisheries industry saw...
Construction industry of Maldives observes mixed growth in Q3-2019
The Maldives construction industry witnesses mixed development in third quarter of 2019.According to MMA’s Quarterly Economic Bulletin, construction sector faced economic bumps and lows in...
Tourism sector remains buoyant in Q3-2019
The Maldivian tourism sector remains buoyant, continuing ahead with strong performance in Q3 2019.According to Maldives Monetary Authority’s (MMA) Quarterly Economic Bulletin, tourist arrivals increased...
Tourist resort occupancy in Maldives rise over 80%
The guest occupancy rate across all tourist resorts – collectively – has risen above 80%.As per several resort and hospitality groups, their respective properties are...
Government aims for 2 million tourist visits in 2020
In light of Maldives achieving its 1.5 million tourist visit targets on November, state is pushing up the target for 2020.According to the country’s Tourism...
Tax revenue sources continue with strong contributions
The latest stats from Ministry of Finance confirms tax revenue sources continuing their strong contribution.As per Weekly Fiscal Development, the total tax revenue on an...
Import and Export ratio improves in October 2019
Import and export ratio increased during the month of October 2019.According to Maldives Customs Services, goods imported bumped by 10% while exported goods improved by...
State subsidies hit over MVR1.06b
Recurrent expenditure of Maldives, as of 07 November has reached MVR16.46 billion.According to Ministry of Finance, the figures came confirmed through their Weekly Fiscal Development...
India provides funding for the installation of streetlights in Kolhufushi
MVR 1.5 million has been granted by the Indian government to establish street lights in Meemu Kolhufushi.Foreign Ministry said it is crucial to develop a...