According to Maldives Ministry of Finance, revenues and grants to state observed a 122.5% increment in September 2021 when compared with the same period in 2020.
Moreover, the state body attests that the revenues inclusive of grants in the review month reached MVR2,337.4 million (MVR2.3 billion); with a significant proportion of the increase coming due to a MVR687.7 million hike in non-tax revenues.
On the other hand, total expenditure for the review month increased by 34.1% compared to the corresponding month in 2020. Capital expenditure increased by 52.1% in the review month while recurrent expenditure increased by 10.2%.
The fiscal balance for September 2021 gives an overall primary deficit of MVR506.5 million.