Tourism Tax Lifts Maldives State Revenue to 19.1 Billion Rufiyaa in 2026

The Maldives recorded a sharp rise in government income in early 2026, driven by stronger tourism tax receipts. Total revenue and grants reached 19.1 billion rufiyaa by 4 June 2026, up 10.1% from 17.3 billion rufiyaa in the same period of 2025. Tax revenue rose to 14.8 billion rufiyaa, a 12.4% increase, with the Tourism Goods and Services Tax contributing 6 billion rufiyaa (up 7.6%). General GST also increased to 2.5 billion rufiyaa. State spending grew to 19.2 billion rufiyaa, 17.6% higher, with infrastructure spending at 818.6 million rufiyaa. Subsidy costs doubled to 2.3 billion rufiyaa due to higher global oil prices from the Middle East conflict.

The Maldives recorded a sharp rise in government income in early 2026, driven by stronger tourism tax receipts. Total revenue and grants reached 19.1 billion rufiyaa by 4 June 2026, up 10.1% from 17.3 billion rufiyaa in the same period of 2025. Tax revenue rose to 14.8 billion rufiyaa, a 12.4% increase, with the Tourism Goods and Services Tax contributing 6 billion rufiyaa (up 7.6%). General GST also increased to 2.5 billion rufiyaa. State spending grew to 19.2 billion rufiyaa, 17.6% higher, with infrastructure spending at 818.6 million rufiyaa. Subsidy costs doubled to 2.3 billion rufiyaa due to higher global oil prices from the Middle East conflict.

The Maldives recorded a sharp rise in government income in early 2026, driven by stronger tourism tax receipts. Total revenue and grants reached 19.1 billion rufiyaa by 4 June 2026, up 10.1% from 17.3 billion rufiyaa in the same period of 2025. Tax revenue rose to 14.8 billion rufiyaa, a 12.4% increase, with the Tourism Goods and Services Tax contributing 6 billion rufiyaa (up 7.6%). General GST also increased to 2.5 billion rufiyaa. State spending grew to 19.2 billion rufiyaa, 17.6% higher, with infrastructure spending at 818.6 million rufiyaa. Subsidy costs doubled to 2.3 billion rufiyaa due to higher global oil prices from the Middle East conflict.

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