Maldives recorded a Government Budget deficit equal to 12.50 percent of the country's Gross Domestic Product in 2024. Government Budget in Maldives averaged -7.46 percent of GDP from 1997 until 2024, reaching an all time high of -1.15 percent of GDP in 2004 and a record low of -23.70 percent of GDP in 2020. source: Maldives Monetary Authority

Related	Last	Previous	Unit	Reference
Fiscal Expenditure	3510.30	3814.30	MVR Million	Nov 2025
Government Budget	-12.50	-10.60	percent of GDP	Dec 2024
Government Budget Value	-962.90	-1285.50	MVR Million	Nov 2025
Government Debt to GDP	62.40	57.90	percent of GDP	Dec 2024
Government Revenues	2547.50	2528.80	MVR Million	Nov 2025

Maldives Government Budget

The Government Budget to GDP ratio is an itemized accounting of the payments received by the government (taxes and other fees) and the payments made by the government (purchases and transfer payments) relative to GDP. A budget deficit occurs when a government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.