News development projects / salaries Maldives Impact 7.0/10 3 min read

Government Spending on Projects Down, Salaries Up

From January to May 2024, spending on Public Sector Investment Program (PSIP) projects was MVR 2.1 billion, down from MVR 4.9 billion in the same period of 2023, representing only 23% of the budget (MVR 8.9 billion) versus 55% in 2023. Salary spending increased 12.6% to MVR 5.4 billion from MVR 4.8 billion. Revenue rose to MVR 14.8 billion (up MVR 716 million), with GST revenue at MVR 7 billion (tourism share MVR 4.9 billion). Non-tax revenue fell 18% to MVR 2.6 billion.

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Maldives Republic

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Published

Jun 7, 2024

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📋 Story Brief

From January to May 2024, spending on Public Sector Investment Program (PSIP) projects was MVR 2.1 billion, down from MVR 4.9 billion in the same period of 2023, representing only 23% of the budget (MVR 8.9 billion) versus 55% in 2023. Salary spending increased 12.6% to MVR 5.4 billion from MVR 4.8 billion. Revenue rose to MVR 14.8 billion (up MVR 716 million), with GST revenue at MVR 7 billion (tourism share MVR 4.9 billion). Non-tax revenue fell 18% to MVR 2.6 billion.

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This story involves 1 source and may affect public understanding of development projects / salaries.

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Maldives Republic News Outlet Single source

Angle: Primary coverage

Focus: Government Spending on Projects Down, Salaries Up

Unique detail: Government Spending on Projects Down, Salaries Up

📅 Timeline

16:28

Initial report published

Maldives Republic

👁️ What To Watch

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Official government or institutional statement

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Further reporting from additional sources

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Public and social media reaction

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Related policy or operational changes