{"id":2015,"date":"2021-09-05T09:35:59","date_gmt":"2021-09-05T04:35:59","guid":{"rendered":"https:\/\/mbt.mv\/?p=2015"},"modified":"2021-09-05T09:35:59","modified_gmt":"2021-09-05T04:35:59","slug":"state-expenditure-hit-mvr18-1bn-deficit-increases-to-mvr6-9bn","status":"publish","type":"post","link":"https:\/\/mbt.mv\/?p=2015","title":{"rendered":"State expenditure hit MVR18.1bn, deficit increases to MVR6.9bn"},"content":{"rendered":"<p>The cumulative total of state expenditure reaches MVR18,149.0 million (MVR18.1 billion) as of 26th August 2021.<\/p>\n<p>Moreover, according to Ministry of Finance the cumulative total of state revenue by the same review period reached MVR11,268.0 million (MVR11.3 billion).<\/p>\n<p>As of 26th August, the expenditure composition showed that 78% of the total had been spent towards recurrent needs of the state and the remaining 22% on capital expenditure. On the other hand, revenue composition confirms that 74% of the total had been earned to state by tax sources and the remaining 26% through non-tax sources.<\/p>\n<p>Meanwhile, the overall balance for the period is a deficit of MVR6,881.0 million (MVR6.9 billion).<\/p>\n<p>So far the Maldives state has collected MVR8,303.6 million (MVR8.3 billion) in tax revenues, exclusive to the 2021 fiscal year. Furthermore, the cumulative non-tax revenue has reached MVR2,573.9 million (MVR2.6 billion).<\/p>\n<p>Both revenue categories have shown improvement in comparison with the corresponding period in 2020, where the cumulative total of tax-revenues stood at MVR7,477.9 million (MVR7.5 billion) and cumulative total of non-tax revenues stood at MVR2,528.5 million (MVR2.5 billion).<\/p>\n<p>Furthermore, the cumulative recurrent expenditure as of the review period stood at MVR14,199.5 million (MVR14.2 billion) while the cumulative total of capital expenditure stood at MVR3,949.5 million (MVR3.9 billion).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cumulative total of state expenditure reaches MVR18,149.0 million (MVR18.1 billion) as of 26th August 2021. Moreover, according to Ministry of Finance the cumulative total of state revenue by the same review period reached MVR11,268.0 million (MVR11.3 billion). As of 26th August, the expenditure composition showed that 78% of the total had been spent towards<\/p>\n","protected":false},"author":4,"featured_media":1897,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2423,2424,2428],"tags":[295,1301,1603,1727,1773,1976,1981,2038],"class_list":{"0":"post-2015","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"category-finance","9":"category-public-sector","10":"tag-capital-expenditure","11":"tag-maldives-government","12":"tag-non-tax-revenue","13":"tag-public-finance","14":"tag-recurrent-expenditure","15":"tag-state-expenditure","16":"tag-state-revenue","17":"tag-tax-revenue"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>State expenditure hit MVR18.1bn, deficit increases to MVR6.9bn - Maldives Business Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mbt.mv\/?p=2015\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"State expenditure hit MVR18.1bn, deficit increases to MVR6.9bn - Maldives Business Times\" \/>\n<meta property=\"og:description\" content=\"The cumulative total of state expenditure reaches MVR18,149.0 million (MVR18.1 billion) as of 26th August 2021. Moreover, according to Ministry of Finance the cumulative total of state revenue by the same review period reached MVR11,268.0 million (MVR11.3 billion). As of 26th August, the expenditure composition showed that 78% of the total had been spent towards\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mbt.mv\/?p=2015\" \/>\n<meta property=\"og:site_name\" content=\"Maldives Business Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/mvbiztimes\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-05T04:35:59+00:00\" \/>\n<meta name=\"author\" content=\"Mohamed Reehaan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@mvbiztimes\" \/>\n<meta name=\"twitter:site\" content=\"@mvbiztimes\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohamed Reehaan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/mbt.mv\/?p=2015#article\",\"isPartOf\":{\"@id\":\"https:\/\/mbt.mv\/?p=2015\"},\"author\":{\"name\":\"Mohamed Reehaan\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2\"},\"headline\":\"State expenditure hit MVR18.1bn, deficit increases to MVR6.9bn\",\"datePublished\":\"2021-09-05T04:35:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/mbt.mv\/?p=2015\"},\"wordCount\":210,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/mbt.mv\/#organization\"},\"image\":{\"@id\":\"https:\/\/mbt.mv\/?p=2015#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"Capital Expenditure\",\"Maldives Government\",\"Non Tax Revenue\",\"Public Finance\",\"Recurrent Expenditure\",\"State Expenditure\",\"State Revenue\",\"Tax Revenue\"],\"articleSection\":[\"BUSINESS\",\"FINANCE\",\"PUBLIC SECTOR\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/mbt.mv\/?p=2015#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mbt.mv\/?p=2015\",\"url\":\"https:\/\/mbt.mv\/?p=2015\",\"name\":\"State expenditure hit MVR18.1bn, deficit increases to MVR6.9bn - 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