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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.
Sources1carried itMR1 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.
How the reporting differs
one source so far
Maldives RepublicNews outlet
Spike in Salary Spend and Operating Expenses Inflates Recurrent Expenditure by 4.5%
MVR 14.1 billion Recurrent expenditure, 1 January to 6 June 2024
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Figures in these reports
as written, with the sentence they come from
MVR 14.1 billionRecurrent expenditure, 1 January to 6 June 2024Maldives RepublicAccording to the Weekly Fiscal Report, MVR 14.1 billion was spent on recurrent expenditure from 1 January to 6 June.
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MVR 13.5 billionRecurrent expenditure, same period 2023Maldives RepublicExpenditure 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.
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more than 4.5 percentIncrease in recurrent expenditureMaldives RepublicExpenditure 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.
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MVR 627 millionIncrease in recurrent expenditureMaldives RepublicExpenditure 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.
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MVR 5.5 billionSalaries, allowances and pension contributionsMaldives RepublicAs of 6 June 2024, salaries, allowances, and pension contributions reached MVR 5.5 billion.
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MVR 4.9 billionSalaries and remuneration, same period 2023Maldives RepublicExpenditure on salaries and remuneration over the same period last year stood MVR 4.9 billion.
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12.2 percentIncrease in salaries, allowances and pension contributionsMaldives RepublicFinance 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
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approximately MVR552 millionIncrease in salaries, allowances and pension contributionsMaldives Republicincreased by 12.2 percent this year when compared to the same period in 2023 — an increase of approximately MVR552 million.
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MVR 8.5 billionOperating expensesMaldives Republicoperating 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.
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MVR 8.3 billionOperating expenses, same period last yearMaldives Republicoperating 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.
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