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Thursday, January 16, 2025

Finance

Maldives Revenue Surpasses US$122 Million in November, MIRA Reports

The state collected US$122.57 million in November 2024, a 13.2 percent increase compared to the same period in 2023, Maldives Inland Revenue Authority (MIRA)...

State revenue progresses, USD1.95 earned up to date

Ministry of finance has reported progress in state revenue, compared to last year. The weekly fiscal report indicates that the state received USD2 billion...

HDC recovers USD14.7 million in outstanding amounts

Managing Director of Housing Development Corporation (HDC) Fazul Rasheed has announced that the corporation has recovered USD14.7 million in outstanding payments from the facilities...

FDC settles outstanding USD 11.5 million payment of 4,000 housing units project

Hamdhan Shakeel, Managing Director of Fahi Dhiriulhun Corporation (FDC), has disclosed that the outstanding amount of USD 11.5 million for the construction of 4,000...

Parliament approves USD 3.7 bln budget for 2025

The Parliament has approved a budget of USD 3.67 billion for 2025, following extensive debate and review. The budget was passed with the support...

Education Minister confirms clearance of outstanding bills, USD 2.21 million remains

Minister of Education Dr. Ismail Shafeeu has stated that all but USD 2.21 million of the outstanding bills of the educational projects have been...

Parliamentary Budget Committee approves USD 3.7 bln State Budget 2025

The Parliament's Budget Committee has approved the government-proposed USD 3.7 billion for state budget 2025. The committee passed the budget without any modifications but...

Finance minister highlights risks of insufficient budget allocations

Minister of Finance Moosa Zameer has voiced concerns that inadequate financial allocations for development projects could lead to significant delays and hinder long-term progress....

Gov’t pays outstanding bills worth USD428 million to state-owned enterprises

President Dr. Mohamed Muizzu has announced that a total of USD428 million has been paid to settle outstanding debts owed to state-owned enterprises (SOEs). When...

“State budget 2025 will prioritise the commitments of the President”

Ministry of Finance has announced that the state budget 2025 will prioritise fulfilling the commitments of President Dr. Mohamed Muizzu, with a particular focus...

Next year’s budget to be the first to follow IMF guidelines: Gov’t

Deputy Minister at the Ministry of Finance Ahmed Saeed Musthafa has stated that next year’s state budget will be the first to be prepared...

Parliament approves supplementary budget of USD 332 million

The Parliament has approved the supplementary budget of USD 332 million as proposed by the government. This budget was passed with 75 votes in...

Committee approves USD 7 million budget for Auditor General’s Office

The Parliament's Budget Committee has approved a budget of USD 7.39 million for the Auditor General's Office (AGO) for the upcoming year. The Constitution...

MOST READ

Maldives Sees Rise in Resort, Safari Occupancy

Statistics have shown that resort occupancy rates increased in...

Minister Urges More Oversight from Four Pillars of Gov’t, People to Strengthen Decentralised Governance

The Minister of Cities, Local Government and Public Works,...

Maritime, Aviation Development Key to Tourism Growth, says MACL Chief

The growth of the tourism sector is dependent on...

Maldives Sends Condolences to Vanuatu Following Devastating Earthquake

Minister of Foreign Affairs Dr Abdulla Khaleel has sent...

MNU and MPAO Sign Agreement to Promote Research and Awareness

The Maldives National University (MNU) has signed an agreement...
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