Maldives surpasses annual foreign grant target ahead of schedule

The Maldives has surpassed its annual foreign grant target of MVR 373.6 million, receiving MVR 393.6 million as of June 4, exceeding by MVR 20 million (5.3%). This is a significant increase from MVR 128.7 million in the same period last year. Total government revenue projection for 2026 is MVR 40.3 billion. State revenue reached MVR 19 billion by early June, up 10% from MVR 17.3 billion in 2025. Tax revenue rose 12.4% to MVR 14.8 billion, with TGST increasing from MVR 5 billion to MVR 6 billion and General GST from MVR 2.2 billion to MVR 2.5 billion.

The Maldives has surpassed its annual foreign grant target of MVR 373.6 million, receiving MVR 393.6 million as of June 4, exceeding by MVR 20 million (5.3%). This is a significant increase from MVR 128.7 million in the same period last year. Total government revenue projection for 2026 is MVR 40.3 billion. State revenue reached MVR 19 billion by early June, up 10% from MVR 17.3 billion in 2025. Tax revenue rose 12.4% to MVR 14.8 billion, with TGST increasing from MVR 5 billion to MVR 6 billion and General GST from MVR 2.2 billion to MVR 2.5 billion.

The Maldives has surpassed its annual foreign grant target of MVR 373.6 million, receiving MVR 393.6 million as of June 4, exceeding by MVR 20 million (5.3%). This is a significant increase from MVR 128.7 million in the same period last year. Total government revenue projection for 2026 is MVR 40.3 billion. State revenue reached MVR 19 billion by early June, up 10% from MVR 17.3 billion in 2025. Tax revenue rose 12.4% to MVR 14.8 billion, with TGST increasing from MVR 5 billion to MVR 6 billion and General GST from MVR 2.2 billion to MVR 2.5 billion.

This story involves 1 source and may affect public understanding of foreign grants / fiscal report.