News expenditure / finance Maldives Impact 7.0/10 2 min read

State Revenue Exceeded Expenditure in January: Finance Ministry

In January, Maldives state revenue exceeded expenditure by MVR 585 million, according to the Finance Ministry. Revenue was MVR 3.5 billion, down from MVR 4.1 billion last year. Tax revenue included MVR 1.5 billion in business profit tax, MVR 1.2 billion in GST, MVR 176.8 million in import duties, MVR 93.7 million in green tax, and MVR 85.2 million in airport charges. Expenditure was MVR 2.9 billion, with recurrent spending MVR 2.5 billion (salaries MVR 1.1 billion, admin MVR 1.4 billion) and capital MVR 446.9 million.

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Maldives Republic

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Feb 9, 2024

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In January, Maldives state revenue exceeded expenditure by MVR 585 million, according to the Finance Ministry. Revenue was MVR 3.5 billion, down from MVR 4.1 billion last year. Tax revenue included MVR 1.5 billion in business profit tax, MVR 1.2 billion in GST, MVR 176.8 million in import duties, MVR 93.7 million in green tax, and MVR 85.2 million in airport charges. Expenditure was MVR 2.9 billion, with recurrent spending MVR 2.5 billion (salaries MVR 1.1 billion, admin MVR 1.4 billion) and capital MVR 446.9 million.

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Focus: State Revenue Exceeded Expenditure in January: Finance Ministry

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Maldives Republic

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