Authority, commission or agency
Auditor General's Office
In the news, last 90 days
Economy
Borrowings near MVR 16.64bn as MACL takes massive loans against Hulhule’ properties
A 2025 audit report by the Auditor General's Office shows MACL's borrowings have climbed to near MVR 16.64 billion after it took loans secured against leasehold property mortgages in Hulhule' to fund airport infrastructure and reclamation work. Loans under sovereign guarantees alone exceed MVR 7 billion, while its subsidiary MIID holds MVR 1.76 billion in assets under construction and billions in liabilities.
Economy
State-owned dredging company spends MVR 1.05 billion without generating any revenue
The Auditor General's Office reported that Peninsula Infrastructure Private Limited, a wholly-owned subsidiary of MACL set up for dredging and land reclamation at Velana International Airport, generated no revenue from October 8, 2026 through the end of that year, recording a loss of MVR 31,000. The report also states the company spent MVR 1.05 billion on projects through the end of 2025, offset against debt owed to MACL, which has given written assurance to fund its operations.
Economy
Audit: Discrepancies found between Buruni Council’s 2024 approved and revised budget figures and official financial records
The Auditor General’s Office reported that the Thaa Atoll Buruni Council’s 2024 approved and revised budget figures do not reconcile with the council’s official financial records, attributing the discrepancy to an accounting error involving unapproved supplementary budget entries in the 'Viya' module. The office issued recommendations directing the council to record budget figures accurately and ensure financial statements match its official accounting records.
Economy
Budget 2027: Committee agrees to finish deliberating on budget by 19th November
The Parliamentary Budget Committee has drawn up a schedule to complete its deliberations on the 2027 State Budget by the 19th of this month, meeting with state agencies, Finance Ministry officials, the MMA and the Auditor General. The government has submitted a budget of MVR 59.7 billion for 2027.
Politics
Petition calls for public inquiry into Ras Male' project!
A petition submitted to the People's Majlis through its e-petition system calls for a public inquiry into the Ras Male' project, a floor debate, and full disclosure of the agreement with UAE-based Eagle Hills before the final contract is signed. President Dr. Mohamed Muizzu has stated that a complete copy of the agreement will be given to the relevant parliamentary committee and that a specialized real estate tourism bill will be opened for public consultation.
Economy
Thulusdhoo Council paid overtime without verifying work performed: Audit Report
The Auditor General's Office's 2024 compliance audit report on the Kaafu Thulusdhoo Island Council found the council disbursed overtime pay without verifying the work performed, spending MVR 870,319 on overtime during the year. The Office recommended that a mechanism be established to log task details and that overtime be paid only after verifying the work was essential and could not be done during regular hours.
Economy
Audit of Arbitration Center: MVR 3.2 Million Spent Without Achieving Objectives
The Auditor General's Office released its 2025 compliance audit report on the Maldives International Arbitration Centre, finding that the centre spent about MVR 3 million over three years without facilitating any arbitration proceedings. The report found its financial operations complied with the State Finance Act and People's Majlis-approved purposes.
Economy
Customs struggles to recover unpaid duties and fines, audit finds
An audit of the Maldives Customs Service found MVR 461 million owed to the state by the end of 2023, mostly in unpaid import duties, with recovery hindered by delayed court judgment enforcement and poor information sharing with ministries. The Auditor General recommended stronger enforcement, a ministry information-sharing mechanism and legislative amendments.
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