2017 Budget


Judiciary denies closing high court northern branch after transferring staff to Malé
The department of judicial administration insisted that the northern branch on the island of Kulhudhufushi has not been shut down due to budget constraints. The judiciary was mandated to set up the branch by legal changes approved more than two years ago.
26 Feb 2017, 9:00 AM


Parliament approves MVR26.7bn budget for 2017
The parliament passed with a 60-vote majority on Thursday the MVR26.7 billion (US$1.7 billion) budget proposed for 2017, approving the government’s spending plans and revenue raising measures without any revisions.
25 Nov 2016, 9:00 AM


MPs recommend introducing income tax
Amid fierce criticism during the 2017 budget debate of plans to hike import duties and impose new taxes and fees next year, several PPM MPs called on the government to introduce a personal income tax in the Maldives for the first time.
19 Nov 2016, 9:00 AM


New airport fees and ‘congestion tax’ among revenue-raising measures for 2017
A US$25 airport development charge, a “congestion tax” and increased import duties for tobacco and fizzy drinks are among a raft of revenue-raising measures proposed in the 2017 state budget
08 Nov 2016, 9:00 AM


Finance minister presents MVR26.7bn budget for 2017
Along with an ambitious infrastructure scale-up, the finance minister said the budget is geared towards bringing the Maldives’ growing debt on a sustainable footing
08 Nov 2016, 9:00 AM