The cumulative total of state revenue as of 30th September increased to MVR14,768.0 million (MVR14.8 billion), constraining the gap of budget deficit.
As such, Ministry of Finance reported that the overall balance by the final week of the month ended stood at MVR7,137.9 million (MVR7.1 billion), which had earlier stretched to MVR7.9 billion.
Meanwhile, the cumulative total of state expenditure as of the review period reached MVR21,815.9 million (MVR21.8 billion).
The most significant income receipts were generated from Business Profit Tax, other property tax, rent from resorts along with General Goods and Services Tax (GGST).
Furthermore, the cumulative total of tax revenues as of the review period reached MVR10,704.6 million (MVR10.7 billion) while the cumulative total of non-tax revenues reached MVR3,486.6 million (MVR3.5 billion).
Recurrent expenses have hit MVR16,751.2 million (MVR16.8 billion) while capital expenses have reached MVR5,064.7 million (MVR5.1 billion).
