Friday
22nd Nov 2024
Dhivehi Edition
State budget
Maldives Unveils Historic 2025 Budget, Prioritizing Housing, Healthcare, and Social Protection
Finance Minister Moosa Zameer, Photo: Majilis
Maldivian government has announced a record-breaking MVR 56.6 billion state budget for 2025, with a focus on fulfilling President Dr. Mohamed Muizzu’s primary pledge of accessible housing and enhanced social services for all citizens. This substantial allocation marks a significant step toward bringing essential services closer to communities across the archipelago, encompassing a range of housing, healthcare, and social welfare initiatives.
The 2025 budget is strategically allocated, with the highest-ever funding for housing, alongside other essential service areas such as healthcare and social protection:
Housing development is the cornerstone of the 2025 budget, with MVR 1.5 billion dedicated to housing projects nationwide. Additionally, the government has introduced a historic MVR 4 billion loan scheme for home ownership, offered at a competitive 5% interest rate. These housing projects and accessible loans aim to empower Maldivians in both urban and rural areas to secure stable and affordable housing.
In line with the government’s commitment to universal healthcare, the budget earmarks significant resources for building and upgrading medical facilities. Key healthcare initiatives include:
- Construction of 5 new specialist hospitals to offer advanced medical services locally.
- Regional hospitals aimed at decentralizing healthcare access.
- Enhanced primary healthcare services in atolls to ensure that quality medical care is available closer to home.
Social welfare also features prominently, with targeted programs designed to support vulnerable populations. The budget provisions include:
- Cash transfers for the most vulnerable citizens, offering financial security in unforeseen circumstances.
- Increased support for special needs therapy and treatment accessible directly from their home islands, addressing long-standing gaps in localized special needs care.
To further extend essential services, the government has allocated MVR 12.4 billion to the Public Sector Investment Program (PSIP). This investment will fund infrastructure projects aimed at bridging the service gap between Malé and the outer islands, ensuring equal access to critical services for all Maldivians.
This record budget aligns with President Muizzu's vision for a stronger, more inclusive Maldives, where the benefits of development reach every corner of the country. The allocation towards housing, healthcare, and social protection reaffirms the administration's pledge to elevate living standards while creating sustainable growth avenues.
As the 2025 budget progresses toward parliamentary approval, these planned investments reflect a future-focused vision designed to enhance quality of life across the Maldives.