The relationship between money and politics has been a pivotal issue in the Maldives, particularly since the adoption of a multi-party-political system in 2008. With elections serving as the cornerstone of representative democracy, the financial demands placed on candidates and political parties have grown exponentially, shaping the nature of political competition and governance and influencing electoral strategies, voter engagement, and, ultimately, political outcomes.

Recent parliamentary elections in the Maldives have also often been shaped by the presidential elections that precede them. With shifts in political power having a cascading effect on parliamentary races by influencing party finances, shaping alliances, and impacting voter behaviour. Money too is increasingly important in determining electoral outcomes, as parties and candidates vie to consolidate influence and secure majorities. 

Although election success in the Maldives is not guaranteed by financial expenditure alone, few candidates can effectively compete without significant personal spending, support from external groups, or leveraging established family ties in politics. The heavy financial burden of political campaigns, coupled with a campaign culture that often prioritises personal and individual interests over policy discussions, risks undermining principles of accountability, inclusivity, and fair representation.

This report aims to explore the key drivers and patterns of political expenditure in the Maldives, examining costs incurred not only during campaign periods but also in the lead-up to and aftermath of elections. It seeks to analyse the economic dynamics and assess the broader implications of these financial pressures on Maldivian democracy by presenting findings that provide insights into electoral incentives, barriers to entry, and the financial sustainability of political engagement, along with recommendations which can contribute to reduced influence of money in Maldivian politics.