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Guided by President Muizzu, Maldives Achieves MVR 16.7B in Revenues — A Sign of Renewed Stability
A Weekly Fiscal Developments report by the Ministry of Finance and Planning shows the Maldives recorded a budget surplus of MVR 1.1 billion between January 1 and June 5, 2025, with cumulative revenue and grants of MVR 16.7 billion against expenditures of MVR 15.6 billion. Tax revenue reached MVR 13 billion, non-tax revenue MVR 3.5 billion, and loan repayments totalled MVR 3 billion over the period.
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Figures in these reports
as written, with the sentence they come from
MVR 1.1 billionOverall budget surplusThe Standardthe Maldives has posted an overall budget surplus of MVR 1.1 billion as of June 5, 2025
Word for word from the report in The Standard. Open the report
nearly MVR 7.8 billionGST revenueThe Standardwith GST alone accounting for nearly MVR 7.8 billion, an increase from the same period in 2024.
Word for word from the report in The Standard. Open the report
nearly 20%Non-tax revenue year-on-year growthThe Standardcollecting MVR 3.5 billion—a rise of nearly 20% compared to last year.
Word for word from the report in The Standard. Open the report
MVR 56.6 billionApproved annual budgetThe StandardOut of the approved annual budget of MVR 56.6 billion, just MVR 15.6 billion had been expended
Word for word from the report in The Standard. Open the report
91%Share of recurrent spending in expenditureThe StandardRecurrent spending accounted for the majority (91%) of this, primarily in health, education, social protection, and public safety.
Word for word from the report in The Standard. Open the report
