The Maldives Ministry of Finance reported that total revenue and grants reached 19.1 billion rufiyaa through 4 June 2026, a 10.1 percent rise over the same period in 2025, driven by the Tourism Goods and Services Tax. Expenditure totalled 19.2 billion rufiyaa, with subsidies nearly doubling due to higher global oil prices linked to the Middle East conflict.
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total revenue and grants collected through 4 June 2026 reached 19.1 billion rufiyaa.
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That figure marks an increase of 1.8 billion rufiyaa, or 10.1 percent, over the 17.3 billion rufiyaa collected during the same period last year.
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over the 17.3 billion rufiyaa collected during the same period last year
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Tax revenue rose to 14.8 billion rufiyaa by 4 June 2026, up from 13.2 billion rufiyaa during the same stretch of 2025, a gain of 12.4 percent.
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up from 13.2 billion rufiyaa during the same stretch of 2025, a gain of 12.4 percent.
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Taxes made up 78 percent of all revenue the state collected over the period.
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Collections under the tax climbed to 6 billion rufiyaa this year, compared with 5 billion rufiyaa in the same period of 2025, an increase of 7.6 percent.
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compared with 5 billion rufiyaa in the same period of 2025, an increase of 7.6 percent.
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19.2 billion rufiyaa through 4 June, 17.6 percent higher than the figure recorded a year earlier.
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nearly double the 1.3 billion rufiyaa recorded during the same months of 2025.
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According to the ministry’s latest Weekly Fiscal Developments report, total revenue and grants collected through 4 June 2026 reached 19.1 billion rufiyaa.
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