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OGMinister of Finance and Public Enterprises, Hassan Zareer / governmentMade 19 October 2026
Manage fiscal constraints without introducing a supplementary budget and maintain the budget deficit below 10 percent of GDP
In progressMedium impact
Where it stands todayThe Government confirmed it aims to complete 2026 without a supplementary budget and projects the 2027 deficit at 7.3% of GDP, below the 10% threshold.Since 30 October 2026 · based on an article by MM TV (English)
The story so far
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In progressNowPromised → In progressAdded automatically
The Government confirmed it aims to complete 2026 without a supplementary budget and projects the 2027 deficit at 7.3% of GDP, below the 10% threshold.
Why it counts as in progress: The article reports ongoing efforts to manage fiscal constraints, maintain the deficit below 10% of GDP, and avoid a supplementary budget.
Key numbers in the article
MVR 9.4 billion Overall budget deficit projected for 20277.3 per cent Overall budget deficit as share of GDP, 2027MVR 7.6 billion Overall deficit expected for 2026
Exact words from the article
“The Government is also maintaining its objective of completing 2026 without seeking a supplementary budget from Parliament, continuing the approach adopted last year.”
Caa1 Maldives credit rating upgraded by Moody'sUSD 1.42 billion Total debt settled to dateUSD 350 million SDF funds utilised toward Sukuk settlement
Exact words from the article
“the government remains committed to managing fiscal constraints without introducing a supplementary budget, maintaining the budget deficit at a single-digit level below 10 percent of GDP through firm fiscal measures”