The Maldives state has generated a cumulative total revenue of MVR11,138.6 million (MVR11.1 billion) as of 19th August, indicating a moderate improvement from the previous review week.
Meanwhile, the state expenditure which had reached MVR16.1 billion during the previous review week, has hit MVR16,408.1 million (MVR16.4 billion) as of the current review period.
Expenditure composition shows 77% of the total have been concentrated towards recurrent expenses and the remaining 23% on capital expenditure. On the other hand, 74% of revenues earned came through tax sources with the remaining 26% directed from non-tax sources.
Furthermore, the overall balance for the period is a deficit of MVR5,269.5 million (MVR5.3 billion) which indicates an almost stagnant movement from the previous review week owing to the stronger improvement of revenues while the expenditure slowed down.
Net issuance for the week from 15th to 19th August observed a surplus of MVR434.8 million while government securities worth MVR2,409.5 million were issued and another MVR1,974.7 million matured.
Additionally, the cumulative total of tax revenues as of 19th August hit MVR8,211.2 million (MVR8.2 billion) while the cumulative total of non-tax revenues reached MVR2,537.3 million (MVR2.54 billion). Grants received to state as of the review week stood at MVR386.1 million.
Meanwhile, state had settled loan repayments worth MVR643.6 million while the SDF bank balance stood at MVR841.1 million.
The Public Sector Investment Program (PSIP) spending was observed at MVR1,788.8 million.