AGP Executive Report
Last update: 11 hours ago2027 Budget: Parliament’s Budget Committee aims to finish reviewing the MVR 59.7 billion budget by November 19. The government projects a MVR 9.4 billion deficit, with spending weighted heavily toward recurrent costs. AI Potential: A Commonwealth study estimates AI could add USD 112 million to GDP over a decade, but the Maldives ranked 28th of 56 countries for youth readiness. Financial Oversight: The Maldives Monetary Authority’s new digital Money Changer System will become mandatory for licensed operators on December 1, streamlining foreign-exchange reporting. Banking and Housing: BML is seeking partners to design, build and finance a 14-storey Hulhumalé headquarters; concrete work has also begun on 182 affordable flats. Tourism: Visitor arrivals have passed 1.8 million but remain about 3% below last year. At talks in London, the government reaffirmed plans to remove overseas travel agents and tour operators from the scope of the tourism tax, welcomed by industry group ABTA.
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