{"id":2758,"date":"2022-01-19T11:56:55","date_gmt":"2022-01-19T06:56:55","guid":{"rendered":"https:\/\/mbt.mv\/?p=2758"},"modified":"2022-01-19T11:56:55","modified_gmt":"2022-01-19T06:56:55","slug":"state-expenditure-at-mvr380-6mn-by-second-week-of-2022","status":"publish","type":"post","link":"https:\/\/mbt.mv\/?p=2758","title":{"rendered":"State expenditure at MVR380.6mn by second week of 2022"},"content":{"rendered":"<p>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.<\/p>\n<p>On the other hand, by the same review period Maldives government has earned a cumulative total of MVR330.4 million.<\/p>\n<p>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.<\/p>\n<p>The overall balance for the period is a deficit of MVR50.2 million, owing to higher expenditure figure compared to revenue earned.<\/p>\n<p>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.<\/p>\n<p>By the review period, state has spent MVR247.2 million on recurrent expenses and another MVR133.4 million on capital expenses.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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<\/p>\n","protected":false},"author":4,"featured_media":2568,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2424,2428],"tags":[1301,1481,1727,1976,1981],"class_list":{"0":"post-2758","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-ministry-of-finance","11":"tag-public-finance","12":"tag-state-expenditure","13":"tag-state-revenue"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>State expenditure at MVR380.6mn by second week of 2022 - 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=2758\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"State expenditure at MVR380.6mn by second week of 2022 - Maldives Business Times\" \/>\n<meta property=\"og:description\" content=\"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\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mbt.mv\/?p=2758\" \/>\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=\"2022-01-19T06:56:55+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=2758#article\",\"isPartOf\":{\"@id\":\"https:\/\/mbt.mv\/?p=2758\"},\"author\":{\"name\":\"Mohamed Reehaan\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2\"},\"headline\":\"State expenditure at MVR380.6mn by second week of 2022\",\"datePublished\":\"2022-01-19T06:56:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/mbt.mv\/?p=2758\"},\"wordCount\":149,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/mbt.mv\/#organization\"},\"image\":{\"@id\":\"https:\/\/mbt.mv\/?p=2758#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"Maldives Government\",\"Ministry of Finance\",\"Public Finance\",\"State Expenditure\",\"State Revenue\"],\"articleSection\":[\"FINANCE\",\"PUBLIC SECTOR\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/mbt.mv\/?p=2758#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mbt.mv\/?p=2758\",\"url\":\"https:\/\/mbt.mv\/?p=2758\",\"name\":\"State expenditure at MVR380.6mn by second week of 2022 - 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