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Spike in Salary Spend and Operating Expenses Inflates Recurrent Expenditure by 4.5%

The Ministry of Finance's Weekly Fiscal Report showed state recurrent expenditure of MVR 14.1 billion from 1 January to 6 June 2024, up more than 4.5 percent from MVR 13.5 billion over the same period in 2023. The largest rise was in salaries, allowances and pension contributions, which reached MVR 5.5 billion, while operating expenses rose to MVR 8.5 billion.

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Sources 1carried it 1 of 19 news outlets we monitor
Figures10as written, with their sentences

One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.

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Figures in these reports

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  • MVR 14.1 billion Recurrent expenditure, 1 January to 6 June 2024 Maldives Republic According to the Weekly Fiscal Report, MVR 14.1 billion was spent on recurrent expenditure from 1 January to 6 June.

    Word for word from the report in Maldives Republic. Open the report

  • MVR 13.5 billion Recurrent expenditure, same period 2023 Maldives Republic Expenditure over the same period last year stood at MVR 13.5 billion, marking an increase of more than 4.5 percent, or MVR 627 million, in 2024.

    Word for word from the report in Maldives Republic. Open the report

  • more than 4.5 percent Increase in recurrent expenditure Maldives Republic Expenditure over the same period last year stood at MVR 13.5 billion, marking an increase of more than 4.5 percent, or MVR 627 million, in 2024.

    Word for word from the report in Maldives Republic. Open the report

  • MVR 627 million Increase in recurrent expenditure Maldives Republic Expenditure over the same period last year stood at MVR 13.5 billion, marking an increase of more than 4.5 percent, or MVR 627 million, in 2024.

    Word for word from the report in Maldives Republic. Open the report

  • MVR 5.5 billion Salaries, allowances and pension contributions Maldives Republic As of 6 June 2024, salaries, allowances, and pension contributions reached MVR 5.5 billion.

    Word for word from the report in Maldives Republic. Open the report

  • MVR 4.9 billion Salaries and remuneration, same period 2023 Maldives Republic Expenditure on salaries and remuneration over the same period last year stood MVR 4.9 billion.

    Word for word from the report in Maldives Republic. Open the report

  • 12.2 percent Increase in salaries, allowances and pension contributions Maldives Republic Finance Ministry data showed that the spend on salaries, allowances and pension contributions increased by 12.2 percent this year when compared to the same period in 2023

    Word for word from the report in Maldives Republic. Open the report

  • approximately MVR552 million Increase in salaries, allowances and pension contributions Maldives Republic increased by 12.2 percent this year when compared to the same period in 2023 — an increase of approximately MVR552 million.

    Word for word from the report in Maldives Republic. Open the report

  • MVR 8.5 billion Operating expenses Maldives Republic operating expenses also increased over the previous year, reaching MVR 8.5 billion this year compared to MVR 8.3 billion during the same period last year.

    Word for word from the report in Maldives Republic. Open the report

    Earlier reports gave MVR 53.75 million 12 Nov, 19:09 Maldives Republic

  • MVR 8.3 billion Operating expenses, same period last year Maldives Republic operating expenses also increased over the previous year, reaching MVR 8.5 billion this year compared to MVR 8.3 billion during the same period last year.

    Word for word from the report in Maldives Republic. Open the report

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