The Maldives has spent MVR 2.07 billion on loan payments this year, up from MVR 1.94 billion over the same period last year, according to the Ministry of Finance's Weekly Fiscal Development Report. About MVR 42.4 billion of the MVR 55 billion 2024 budget has been spent so far, with revenue reaching MVR 29.5 billion.
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The latest repayment was made on 14 November.
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The Maldives has spent MVR 2.07 billion in loan payments this year alone, the latest Weekly Fiscal Development Report by the Ministry of Finance revealed.
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Loan repayments stood at MVR 1.94 billion over the same period last year.
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Approximately MVR 42.4 billion, of the sum total MVR 55 billion of the 2024 budget, has been exhausted thus far
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Approximately MVR 42.4 billion, of the sum total MVR 55 billion of the 2024 budget, has been exhausted thus far
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Earlier reports gave MVR 49.8 billion 24 Sep, 18:16 Maldives Republic
— a figure that amounted to MVR 41.8 billion during the same period last year.
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Salaries and allowances totalled to MVR 11.2 billion, while administrative and operating expenditure came in at MVR 16.8 billion.
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Earlier reports gave MVR 1.1 billion 9 Feb, 22:53 Maldives Republic
administrative and operating expenditure came in at MVR 16.8 billion.
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Public Sector Investment Program (PSIP) development projects expenditure stood at MVR 8.7 billion.
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The state has received MVR 29.5 billion in revenue so far this year
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including MVR 22.5 billion in taxes
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Earlier reports gave MVR 22.4 billion 16 Nov, 16:02 Maldives RepublicMVR 9.2 billion 10 May, 19:36 Maldives Republic
and MVR 6.4 billion in non-tax revenue
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Earlier reports gave MVR 6.3 billion 16 Nov, 16:02 Maldives RepublicMVR 328 million 9 Feb, 22:53 Maldives Republic
while grant aid amounted to MVR 565 million.
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