Government Subsidy Spending Passes Full-Year Budget by 48% with Months to Go
Finance Ministry data to 8 October show MVR4.26 billion spent on subsidies against MVR2.89 billion budgeted for all of 2026, as total spending rose 18.3% and revenue 3%.
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Maldives’ Official Reserves Fall 14.9% to US$547.8 Million in September
The month included the final US$50 million repayment on a 2019 State Bank of India facility. Usable reserves, on the central bank’s own measure, fell to about US$170 million.
MIRA Collects MVR2.69 Billion in September, 12.7% above Forecast
September revenue was 10.7% lower than a year earlier, but collections for the year so far are 8.9% ahead of 2025.
Foreign-Owned Retailers and Sales Agents Face Enforcement as Transition Ends
Businesses that had not engaged with the Economic Ministry by 8 October will receive formal notices, and share transfers to Maldivians will be checked for genuine local control.
US and China Agree Framework for Tariff Relief on US$30 Billion of Goods Each
Product lists use 2024 trade values. Any tariff reductions still require implementation through each country’s domestic legal processes.
Seven OPEC+ Countries Keep November Oil Output Targets Unchanged
The group will retain September production requirements for November, while a separate monitoring committee warns about threats to energy infrastructure and shipping.
Flávio Bolsonaro and Lula Advance to Brazil’s Presidential Runoff
Brazil’s electoral court reported Bolsonaro on 47.03% and Lula on 45.16% with 99.99% of ballot boxes counted. The second round is on 25 October.