Government Spending

Government’s estimate for 2015 economic growth unrealistic, says World Bank

High levels of public debt “driven by high and rising public spending” is the immediate macroeconomic challenge facing the Maldives, observed the World Bank’s South Asia Economic Focus report released last week. The government’s forecast for economic growth is 8.5 percent, but both the World Bank and the International Monetary Fund (IMF) expect the Maldivian economy to grow by 5 percent this year.

World Bank provides US$6.5 million grant for public financial management system

Travel, foreign ministry expenses soar over last 30 days

Fiscal deficit in 2011 expected to fall to single digit, says President