Drawing on recent fiscal trends, the article examines the Maldives’ 2025 outlook, warning that expenditure overruns, rising debt, domestic financing pressures and delayed subsidy reforms could deepen fiscal vulnerabilities.
An assessment of the Maldives’ 2025 Budget, examining revenue dependence on tourism, rising public debt, deficit financing, subsidy reform, expenditure priorities, fisheries, diversification and inflation.
2025 ވަނަ އަހަރުގެ ދައުލަތުގެ ބަޖެޓު ވަޒަންކުރުން: އާމްދަނީ ހޯދުމުގައި ފަތުރުވެރިކަމަށް އޮތް ބަރޯސާއާއި، ދައުލަތުގެ ދަރަނި އިތުރުވުމާއި، ބަޖެޓުގެ ޑެފިސިޓް ފޫބެއްދުމާއި، ސަބްސިޑީ ނިޒާމަށް ގެންނަ އިސްލާހުތަކުގެ އިތުރުން، ޚަރަދުކުރުމުގައި އިސްކަންދޭ ދާއިރާތަކާއި، މަސްވެރިކަމާއި، އިގްތިސާދު ސިންދަފާތުކުރުމާއި އިންފްލޭޝަނާ ގުޅޭގޮތުން ތައްޔާރުކޮށްފައިވާ ދިރާސާއެއް.
The World Bank’s October 2024 Maldives Development Update points to a strong tourism recovery alongside mounting fiscal, debt and climate vulnerabilities that threaten the country’s longer-term economic stability.
Using the metaphor of an overloaded vessel, the article argues that the Maldives cannot resolve its economic difficulties through additional taxation alone and must reduce the burden weighing on the economy.
The Maldives needs more than short-term fiscal adjustments. Ali Khalid examines austerity, public-sector costs and governance reforms needed to address the country’s underlying economic vulnerabilities.
Could the Maldives experience a Sri Lanka-style economic crisis? Ibrahim Athif Shakoor compares the fiscal, political and economic conditions of the two countries and explains why their trajectories may differ.
Examining the Maldives’ fiscal vulnerabilities and exposure to external shocks, this article considers the reforms needed to strengthen fiscal sustainability, economic resilience and long-term growth.
Faced with high debt, declining reserves and structural dependence on tourism, the Maldives needs a strategy that goes beyond austerity to strengthen resilience, diversification and long-term economic sustainability.
A reflection on how persistent fiscal deficits, rising expenditure, public debt and weaknesses in fiscal discipline brought the Maldives to its present fiscal difficulties.
