Economy economy / expenditure Maldives Impact 7.0/10 1 min read

State expenditure falls by 22 percent amid decline in capital spending

State budget expenditure fell 22% year-on-year as of June 5, according to the Finance Ministry's Weekly Fiscal Development Report. Total spending was MVR 15.6 billion, with recurrent expenditure at MVR 14.1 billion (up from MVR 14.7 billion last year). Salaries, allowances, and pensions rose to MVR 6 billion from MVR 5.5 billion, while administrative costs dropped to MVR 8 billion from MVR 9 billion. Capital expenditure plummeted to MVR 1.4 billion from MVR 5.2 billion, and PSIP project spending fell to MVR 1.4 billion from MVR 4.7 billion.

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Jun 12, 2025

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State budget expenditure fell 22% year-on-year as of June 5, according to the Finance Ministry's Weekly Fiscal Development Report. Total spending was MVR 15.6 billion, with recurrent expenditure at MVR 14.1 billion (up from MVR 14.7 billion last year). Salaries, allowances, and pensions rose to MVR 6 billion from MVR 5.5 billion, while administrative costs dropped to MVR 8 billion from MVR 9 billion. Capital expenditure plummeted to MVR 1.4 billion from MVR 5.2 billion, and PSIP project spending fell to MVR 1.4 billion from MVR 4.7 billion.

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