According to the latest updates from Ministry of Finance, the Weekly Fiscal Developments report confirm that Maldives state had spent MVR380.6 million as of 13th January 2022.
On the other hand, by the same review period Maldives government has earned a cumulative total of MVR330.4 million.
Expenditure composition reveals 65% of the total spent on recurrent needs and the remaining 35% on capital expenses. The revenue composition confirms 65% of earnings to state came from tax sources and the remaining 35% from non-tax sources.
The overall balance for the period is a deficit of MVR50.2 million, owing to higher expenditure figure compared to revenue earned.
Meanwhile, cumulative total of tax revenues as of 13th January 2022 reached MVR213.9 million while non-tax revenue cumulative total reached MVR115.9 million.
By the review period, state has spent MVR247.2 million on recurrent expenses and another MVR133.4 million on capital expenses.
