Green Fund 2024 Q1 Disbursements at MVR 114 Million, Collections Total MVR 1.3 Billion

The state's Green Fund disbursed MVR 114 million in Q1 2024, with MVR 138,907 in January, MVR 93.9 million in February, and MVR 19.8 million in March. Total collections in Q1 were MVR 316 million, including MVR 113.8 million in March, of which MVR 36 million came from Kaafu Atoll. Disbursements in March funded water and sewerage and beach protection projects. As of March, total collections reached MVR 1.3 billion. The Green Tax, introduced in October 2016, is levied on tourist accommodations to fund environmental protection.

The state's Green Fund disbursed MVR 114 million in Q1 2024, with MVR 138,907 in January, MVR 93.9 million in February, and MVR 19.8 million in March. Total collections in Q1 were MVR 316 million, including MVR 113.8 million in March, of which MVR 36 million came from Kaafu Atoll. Disbursements in March funded water and sewerage and beach protection projects. As of March, total collections reached MVR 1.3 billion. The Green Tax, introduced in October 2016, is levied on tourist accommodations to fund environmental protection.

The state's Green Fund disbursed MVR 114 million in Q1 2024, with MVR 138,907 in January, MVR 93.9 million in February, and MVR 19.8 million in March. Total collections in Q1 were MVR 316 million, including MVR 113.8 million in March, of which MVR 36 million came from Kaafu Atoll. Disbursements in March funded water and sewerage and beach protection projects. As of March, total collections reached MVR 1.3 billion. The Green Tax, introduced in October 2016, is levied on tourist accommodations to fund environmental protection.

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