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Finance Ministry Confirms Positive Fiscal Trend as Maldives Strengthens Economic Outlook
The Ministry of Finance's Weekly Fiscal Developments report for Week 45 shows cumulative revenue and grants of MVR 34.97 billion against expenditure of MVR 36.41 billion, leaving a deficit of MVR 1.44 billion and a primary surplus of MVR 2.78 billion. Tourism Goods and Services Tax revenue reached MVR 9.57 billion and public sector investment reached MVR 7.18 billion, with transport infrastructure the largest area at MVR 4.37 billion.
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Earlier reports gaveMVR 3.5 billion12 Jun, 09:45The StandardMVR 1.5 billion25 Mar, 14:03The Standard
MVR 12.92 billionsalaries and pensionsThe StandardSalaries and pensions delivered smoothly, totalling MVR 12.92 billion
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MVR 7.18 billionPublic Sector Investment Programme investmentsThe StandardThe Maldives Public Sector Investment Programme recorded MVR 7.18 billion in investments
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MVR 4.37 billiontransport infrastructure investmentThe Standardsuch as airports and bridges, with the sector receiving MVR 4.37 billion
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MVR 605.6 millionenvironmental protection project spendingThe StandardEnvironmental protection projects , including coastal defences and renewable energy, totalling MVR 605.6 million
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MVR 305 millionwater and sewerage upgradesThe StandardWater and sewerage upgrades across islands worth MVR 305 million
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MVR 664.9 millionland reclamation and road constructionThe StandardLand reclamation and road construction valued at MVR 664.9 million
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MVR 97.19 billionoutstanding government securitiesThe StandardThe report also highlights MVR 97.19 billion in outstanding government securities, backed largely by domestic investors.
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