Government-by-Government Assessments: Maldives
During the review period, the government made significant progress by making information on contingent debt, including state-owned enterprise debt, publicly available. During the review period, the government made budget documents widely and easily accessible to the public, including online. The government did not produce an end-of-year report, but end-of-year data for 2020 were included in the proposed 2021 budget and fiscal data was published in weekly, monthly, and semi-annual updates. Budget documents provided a substantially complete picture of the government’s planned expenditures and revenue streams, and budget documents were considered generally reliable. The supreme audit institution was mandated to review the government’s consolidated annual financial statements, but its audit reports were not publicly available. Maldives’ fiscal transparency would be improved by:
- publishing an end-of-year report within a reasonable period of time; and
- publishing audit reports within a reasonable period of time.