TGST growth drives 10.1% increase in Government revenue

The Ministry of Finance and Public Enterprises reported that total government revenue and grants reached MVR 19.1 billion as of 4 June 2026, a 10.1% increase from MVR 17.3 billion in the same period last year. Tax revenue accounted for 78% of total revenue, rising 12.4% to MVR 14.8 billion. TGST collections increased 7.6% to MVR 6.0 billion, while GST rose to MVR 2.5 billion. Expenditure grew 17.6% to MVR 19.2 billion, with infrastructure projects receiving MVR 818.6 million. Subsidy expenditure doubled to MVR 2.3 billion due to higher global oil prices from Middle East conflicts.

The Ministry of Finance and Public Enterprises reported that total government revenue and grants reached MVR 19.1 billion as of 4 June 2026, a 10.1% increase from MVR 17.3 billion in the same period last year. Tax revenue accounted for 78% of total revenue, rising 12.4% to MVR 14.8 billion. TGST collections increased 7.6% to MVR 6.0 billion, while GST rose to MVR 2.5 billion. Expenditure grew 17.6% to MVR 19.2 billion, with infrastructure projects receiving MVR 818.6 million. Subsidy expenditure doubled to MVR 2.3 billion due to higher global oil prices from Middle East conflicts.

The Ministry of Finance and Public Enterprises reported that total government revenue and grants reached MVR 19.1 billion as of 4 June 2026, a 10.1% increase from MVR 17.3 billion in the same period last year. Tax revenue accounted for 78% of total revenue, rising 12.4% to MVR 14.8 billion. TGST collections increased 7.6% to MVR 6.0 billion, while GST rose to MVR 2.5 billion. Expenditure grew 17.6% to MVR 19.2 billion, with infrastructure projects receiving MVR 818.6 million. Subsidy expenditure doubled to MVR 2.3 billion due to higher global oil prices from Middle East conflicts.

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