Maldives Budget 2027 Allocates 9.9 Billion Rufiyaa for Capital Expenditure

The Maldivian government has proposed a budget for next year that allocates 9.9 billion rufiyaa for capital expenditure, according to a budget statement presented to the People's Majlis by Minister Hassan Zareer. The capital expenditure, which includes development projects and investments, will see 8.2 billion rufiyaa directed to the Public Sector Investment Programme to advance development projects. The budget estimates that the state will receive 43.2 billion rufiyaa in income and grants in 2027, an increase of 1.4 billion rufiyaa compared to 2026. It projects income of 46.6 billion rufiyaa in 2028 and 49.7 billion rufiyaa in 2029. Minister Zareer stated that the government has decided not to increase any state taxes to boost income next year.