Maldives: Technical Assistance Report-Revising the Fiscal Responsibility Act
IMF Staff Country Reports, January 14, 2022
Source details
- Canonical URL
- Maldives: Technical Assistance Report-Revising the Fiscal Responsibility Act
Other formats
Bibliographic details
- Published: January 14, 2022
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781616359713.002
Executive overview
- The Fiscal Responsibility Act (FRA) came into effect in 2013 to reduce rising public debt and achieve fiscal stability.
- Maldives has experienced rapid public debt accumulation over the past decade.
- The FRA establishes objectives for maintaining debt at a sustainable level and reducing the overall fiscal balance.
- The Act sets minimum standards for fiscal transparency and accountability.
- The Act requires the Government to prepare and publish medium-term fiscal and debt strategy reports.
Subject focus and keywords
- Subject areas: Budget planning and preparation, Fiscal policy, Fiscal reporting, Fiscal risks, International organization, Monetary policy, Public debt, Public financial management (PFM).
- Keywords from the source: Australia and New Zealand, Budget planning and preparation, documentation requirement, draft FRA need, Fiscal reporting, Fiscal risks, FRA draft, government document, government finance statistics manual, Maldivian authorities, South Asia.
Access and formats
- Format noted on landing page: IMF Staff Country Reports
- Downloadable format referenced: Download PDF
- Citation example provided: International Monetary Fund. Fiscal Affairs Dept. "Maldives: Technical Assistance Report-Revising the Fiscal Responsibility Act", IMF Staff Country Reports 2022, 010 (2022), accessed 9/9/2026, https://doi.org/10.5089/9781616359713.002
International Monetary Fund. Fiscal Affairs Dept. "Maldives: Technical Assistance Report-Revising the Fiscal Responsibility Act", Country Report No. 2022/010.
Content in this bundle
- Fiscal Responsibility Act reform — Maldives