The tourism sector, along with its services ecosystem, will remain the main driver of the Maldivian economy. The government will maintain a focus on further bolstering activity in the sector in 2023-24 after its successful recovery from the pandemic. This will involve continuing to market the country as a safe holiday destination, owing to its "one island, one resort" set-up and widespread vaccination, and the employment of lenient visa policies. The government will also rely on booster-dose programmes to maintain immunity levels among resort employees and the local population. The completion of planned development projects, particularly those aimed at improving inter-island transport connectivity, will be central to improving the competitiveness of the tourism industry in 2023-24.

Fiscal sustainability and improving the quality of capital expenditure will be among the primary themes for policy in the forecast period. These reforms may include capping the mark-up on the prices of drugs reimbursed under the universal health scheme. The Ministry of Finance may also consider introducing quantitative limits on the value of sovereign guarantees supporting capital investments made by state-owned enterprises.