Maldives’ Spending Exceeds MVR 40 Billion

As of 7 November 2024, Maldives state spending reached MVR 41.59 billion, out of a total national budget of MVR 55 billion (including a MVR 5.5 billion supplementary budget). Recurrent expenditure accounted for 71% of non-loan spending. Development spending under PSIP was MVR 8 billion, lower than the previous year. State revenue collected was MVR 29.3 billion, including taxes and grants, slightly higher than last year's MVR 28.9 billion.

As of 7 November 2024, Maldives state spending reached MVR 41.59 billion, out of a total national budget of MVR 55 billion (including a MVR 5.5 billion supplementary budget). Recurrent expenditure accounted for 71% of non-loan spending. Development spending under PSIP was MVR 8 billion, lower than the previous year. State revenue collected was MVR 29.3 billion, including taxes and grants, slightly higher than last year's MVR 28.9 billion.

As of 7 November 2024, Maldives state spending reached MVR 41.59 billion, out of a total national budget of MVR 55 billion (including a MVR 5.5 billion supplementary budget). Recurrent expenditure accounted for 71% of non-loan spending. Development spending under PSIP was MVR 8 billion, lower than the previous year. State revenue collected was MVR 29.3 billion, including taxes and grants, slightly higher than last year's MVR 28.9 billion.

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