{"id":2423,"date":"2021-11-15T14:33:06","date_gmt":"2021-11-15T09:33:06","guid":{"rendered":"https:\/\/mbt.mv\/?p=2423"},"modified":"2021-11-15T14:33:06","modified_gmt":"2021-11-15T09:33:06","slug":"expenditures-reach-mvr25-9bn-while-revenues-hit-mvr16-2bn","status":"publish","type":"post","link":"https:\/\/mbt.mv\/?p=2423","title":{"rendered":"Expenditures reach MVR25.9bn while revenues hit MVR16.2bn"},"content":{"rendered":"<p>The latest updates from Ministry of Finance in their Weekly Fiscal Developments confirm that the cumulative state expenditure total has reached MVR25,922.7 million (MVR25.9 billion) as of 04th November 2021.<\/p>\n<p>Furthermore, the government ministry indicated that the cumulative revenue total by the review period has reached MVR16,174.1 million (MVR16.2 billion).<\/p>\n<p>Expenditure composition reveals that 74% out of the total were concentrated on recurrent needs and the remaining 26% on capital needs. On the other hand, revenue composition reveals 73% out of the total came from tax sources and 27% from non-tax sources.<\/p>\n<p>Meanwhile, the overall balance for the period is a deficit of MVR9,748.7 million (MVR9.7 billion); which has observed a significant stretch from the previous review period.<\/p>\n<p>So far the cumulative total of tax revenues reached MVR11,816.8 million (MVR11.8 billion) while the cumulative total of non-tax revenues reached MVR3,834.1 million (MVR3.8 billion).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The latest updates from Ministry of Finance in their Weekly Fiscal Developments confirm that the cumulative state expenditure total has reached MVR25,922.7 million (MVR25.9 billion) as of 04th November 2021. Furthermore, the government ministry indicated that the cumulative revenue total by the review period has reached MVR16,174.1 million (MVR16.2 billion). Expenditure composition reveals that 74%<\/p>\n","protected":false},"author":4,"featured_media":2424,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2424,2428],"tags":[1481,1603,1727,1976,1981,2038],"class_list":{"0":"post-2423","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance","8":"category-public-sector","9":"tag-ministry-of-finance","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>Expenditures reach MVR25.9bn while revenues hit MVR16.2bn - 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=2423\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Expenditures reach MVR25.9bn while revenues hit MVR16.2bn - Maldives Business Times\" \/>\n<meta property=\"og:description\" content=\"The latest updates from Ministry of Finance in their Weekly Fiscal Developments confirm that the cumulative state expenditure total has reached MVR25,922.7 million (MVR25.9 billion) as of 04th November 2021. Furthermore, the government ministry indicated that the cumulative revenue total by the review period has reached MVR16,174.1 million (MVR16.2 billion). Expenditure composition reveals that 74%\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mbt.mv\/?p=2423\" \/>\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=\"2021-11-15T09:33:06+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=2423#article\",\"isPartOf\":{\"@id\":\"https:\/\/mbt.mv\/?p=2423\"},\"author\":{\"name\":\"Mohamed Reehaan\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2\"},\"headline\":\"Expenditures reach MVR25.9bn while revenues hit MVR16.2bn\",\"datePublished\":\"2021-11-15T09:33:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/mbt.mv\/?p=2423\"},\"wordCount\":147,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/mbt.mv\/#organization\"},\"image\":{\"@id\":\"https:\/\/mbt.mv\/?p=2423#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"Ministry of Finance\",\"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=2423#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mbt.mv\/?p=2423\",\"url\":\"https:\/\/mbt.mv\/?p=2423\",\"name\":\"Expenditures reach MVR25.9bn while revenues hit MVR16.2bn - 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