The state revenues and grants for February 2023 is MVR4,081.6 million (MVR4.2 billion), a 117.0% percent rise compared to the same month in 2022, reported the Ministry of Finance.
According to the ministry, the total expenditure for the month increased by 5.1% compared to the same month last year. Capital expenditure declined by 5.1% whereas recurrent expenditure observed a 14.5% increment.
The fiscal balance for the month gives an overall deficit of MVR739.7 million.
Revenues and Grants
- Tax Revenues: MVR1,792.5 million (MVR1.8 billion)
- Non-tax Revenues: MVR639.6 million
- Proceeds from Sale of Assets: MVR0.2 million
- Grants: MVR3.1 million
Expenditure
- Recurrent Expenditure: MVR2,387.2 million (MVR2.4 billion)
- Capital Expenditure: MVR787.8 million
Recurrent Expenditure
- Administrative and Operational Expenses: MVR1,347.3 million (MVR1.3 billion)
- Salaries, Wages, and Pensions: MVR946.8 million
- Losses and Write-Offs: MVR93.1 million
Capital Expenditure
- Land and Building: MVR304.8 million
- Infrastructure Assets: MVR278.2 million
- Lending: MVR132.0 million
- Development Projects and Investments Outlays: MVR37.9 million
- Capital Equipment: MVR34.9 million