{"id":2105,"date":"2021-09-16T14:41:54","date_gmt":"2021-09-16T09:41:54","guid":{"rendered":"https:\/\/mbt.mv\/?p=2105"},"modified":"2021-09-16T14:41:54","modified_gmt":"2021-09-16T09:41:54","slug":"state-expenditure-hit-mvr19-3bn-deficit-increases-to-mvr7-1bn","status":"publish","type":"post","link":"https:\/\/mbt.mv\/?p=2105","title":{"rendered":"State expenditure hit MVR19.3bn, deficit increases to MVR7.1bn"},"content":{"rendered":"<p>The cumulative total of state expenditure has reached MVR19,326.7 million (MVR19.3 billion) as of 09th September 2021, according to Ministry of Finance.<\/p>\n<p>Moreover, the state body in their latest Weekly Fiscal Developments revealed that the cumulative total of state revenue has reached MVR12,208.0 million (MVR12.2 billion), inclusive of foreign grants.<\/p>\n<p>As for the compositions, 78% of the total expenditure was concentrated to recurrent needs and the remaining 22% on capital expenses.<\/p>\n<p>On the other hand, 73% of the total revenues came through tax sources and the remaining 27% came from non-tax sources.<\/p>\n<p>The overall balance for the period is a deficit of MVR7,118.7 million (MVR7.1 billion), meanwhile the net issuance for the review week from 05th to 09th September was a surplus of MVR3,080.0 million (MVR3.1 billion) and the external Islamic instruments of MVR3,080.0 million (MVR3.1 billion) were issued.<\/p>\n<p>Furthermore, the cumulative total of tax revenues as of 09th September reached MVR8,957.5 million (MVR8.96 billion) and the cumulative total of non-tax revenues hit MVR2,857.0 million (MVR2.86 billion).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cumulative total of state expenditure has reached MVR19,326.7 million (MVR19.3 billion) as of 09th September 2021, according to Ministry of Finance. Moreover, the state body in their latest Weekly Fiscal Developments revealed that the cumulative total of state revenue has reached MVR12,208.0 million (MVR12.2 billion), inclusive of foreign grants. As for the compositions, 78%<\/p>\n","protected":false},"author":4,"featured_media":2018,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2424,2428],"tags":[1301,1603,1727,1976,1981,2038],"class_list":{"0":"post-2105","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance","8":"category-public-sector","9":"tag-maldives-government","10":"tag-non-tax-revenue","11":"tag-public-finance","12":"tag-state-expenditure","13":"tag-state-revenue","14":"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 MVR19.3bn, deficit increases to MVR7.1bn - 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=2105\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"State expenditure hit MVR19.3bn, deficit increases to MVR7.1bn - Maldives Business Times\" \/>\n<meta property=\"og:description\" content=\"The cumulative total of state expenditure has reached MVR19,326.7 million (MVR19.3 billion) as of 09th September 2021, according to Ministry of Finance. Moreover, the state body in their latest Weekly Fiscal Developments revealed that the cumulative total of state revenue has reached MVR12,208.0 million (MVR12.2 billion), inclusive of foreign grants. As for the compositions, 78%\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mbt.mv\/?p=2105\" \/>\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=\"2021-09-16T09:41:54+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=2105#article\",\"isPartOf\":{\"@id\":\"https:\/\/mbt.mv\/?p=2105\"},\"author\":{\"name\":\"Mohamed Reehaan\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2\"},\"headline\":\"State expenditure hit MVR19.3bn, deficit increases to MVR7.1bn\",\"datePublished\":\"2021-09-16T09:41:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/mbt.mv\/?p=2105\"},\"wordCount\":172,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/mbt.mv\/#organization\"},\"image\":{\"@id\":\"https:\/\/mbt.mv\/?p=2105#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"Maldives Government\",\"Non Tax Revenue\",\"Public Finance\",\"State Expenditure\",\"State Revenue\",\"Tax Revenue\"],\"articleSection\":[\"FINANCE\",\"PUBLIC SECTOR\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/mbt.mv\/?p=2105#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mbt.mv\/?p=2105\",\"url\":\"https:\/\/mbt.mv\/?p=2105\",\"name\":\"State expenditure hit MVR19.3bn, deficit increases to MVR7.1bn - 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