MMA
Revenue Up, But People in Debt
The Maldivian government proudly reported that revenue and grants reached MVR 18.6 billion by June this year—an 8.9% increase compared to the same period last year. Taxes made up MVR 14.2 billion, or 76.5% of the total revenue, according to the Ministry of Finance’s Weekly Fiscal Development Report. But behind the glossy numbers, the real story on the ground is different. […]