Government-by-Government Assessments: Maldives

During the review period, the government made significant progress by publishing an audit report of the entire annual executed budget within a reasonable period.  Budget documents were made widely and easily accessible to the public, including online.  Budget documents provided a substantially complete picture of the government’s planned expenditures and revenue, and budget documents were considered generally reliable.  Information on debt obligations, including major state-owned enterprise debt, was publicly available.  The supreme audit institution met international standards of independence.  The sovereign wealth fund did not have a sound legal framework or disclose its source of funding and general approach to withdrawals.

Maldives’ fiscal transparency would be improved by:

  • Ensuring the sovereign wealth fund has a sound legal framework and discloses its source of funding and general approach to withdrawals.

U.S. Department of State

The Lessons of 1989: Freedom and Our Future