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

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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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