Revenues at just MVR61.9 mn, deficit at MVR324.3 mn

The state revenues reached just MVR61.9 million, whereas expenditure has already reached MVR386.1 million.

According to the Ministry of Finance, the overall balance for the period is a deficit of MVR324.3 million.

Revenue Composition

  • Tax Revenues: MVR23.1 million
  • Non-tax Revenues: MVR38.6 million
  • Capital Receipts: MVR0.2 million
  • Grants: —

Top Revenue Categories

  1. Rent from Resorts: MVR32.6 million
  2. TGST: MVR8.9 million
  3. GGST: MVR5.6 million
  4. Airport Development Fee: MVR4.7 million
  5. Departure Tax: MVR4.6 million

Expenditure Composition

  • Recurrent Expenditure: MVR295.6 million
  • Capital Expenditure: MVR90.5 million
Recurrent Expenditure
  • Administrative and Operational Expenses: MVR292.2 million
  • Salaries, Wages, and Pensions: MVR3.4 million
Capital Expenditure
  • Infrastructure Assets: MVR59.9 million
  • Land and Buildings: MVR29.3 million
  • Lending: MVR1.2 million

Memorandum Items:

  • Loan Repayment: MVR278.4 million
  • Transfers to Sovereign Development Fund (SDF): MVR8.3 million
  • SDF Fund Size: MVR6.4 billion
  • SDF Bank Balance: MVR1.86 billion
  • Public Sector Investment Program (PSIP): MVR89.3 million

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