{"id":2933,"date":"2022-02-23T20:01:33","date_gmt":"2022-02-23T15:01:33","guid":{"rendered":"https:\/\/mbt.mv\/?p=2933"},"modified":"2022-02-23T20:01:33","modified_gmt":"2022-02-23T15:01:33","slug":"state-expenditure-hit-mvr3-09bn-balance-becomes-surplus-once-again","status":"publish","type":"post","link":"https:\/\/mbt.mv\/?p=2933","title":{"rendered":"State expenditure hit MVR3.09bn, balance becomes surplus once again"},"content":{"rendered":"<p>The latest update from the Ministry of Finance has revealed that the cumulative total of state expenditure has reached MVR3,085.3 million (MVR3.09 billion).<\/p>\n<p>On the other hand, revenues inclusive of foreign grants were reportedly higher than the expenditure, reaching a cumulative total of MVR3,251.6 million (MVR3.3 billion). With this, the overall balance for the period is a surplus of MVR166.3 million.<\/p>\n<p>Much like the previous weeks, tax sources remain as the state&#8217;s strongest revenue streams such as TGST, GGST, and BPT.<\/p>\n<p>Expenditure composition revealed that the state has spent 77% of the total on recurrent needs and the remaining 23% on capital needs. On the other hand, revenue composition attests that 82% of the total earnings came from tax sources while just 18% came from non-tax sources.<\/p>\n<p>The cumulative total of tax revenues as of 17th February 2022 reached MVR2,667.5 million (MVR2.7 billion) while the cumulative total of non-tax revenues by the review period reached MVR696.5 million.<\/p>\n<p>The Maldives government has received a total of MVR8.3 million in foreign grants so far in 2022.<\/p>\n<p>According to statistics, the state has spent MVR2,385.9 million (MVR2.4 billion) so far in the year towards recurrent needs and while the cumulative total of capital expenditure has reached MVR699.4 million.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The latest update from the Ministry of Finance has revealed that the cumulative total of state expenditure has reached MVR3,085.3 million (MVR3.09 billion). On the other hand, revenues inclusive of foreign grants were reportedly higher than the expenditure, reaching a cumulative total of MVR3,251.6 million (MVR3.3 billion). With this, the overall balance for the period<\/p>\n","protected":false},"author":4,"featured_media":2847,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2424,2428],"tags":[1301,1727,1976,1981],"class_list":{"0":"post-2933","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-public-finance","11":"tag-state-expenditure","12":"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 hit MVR3.09bn, balance becomes surplus once again - 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=2933\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"State expenditure hit MVR3.09bn, balance becomes surplus once again - Maldives Business Times\" \/>\n<meta property=\"og:description\" content=\"The latest update from the Ministry of Finance has revealed that the cumulative total of state expenditure has reached MVR3,085.3 million (MVR3.09 billion). On the other hand, revenues inclusive of foreign grants were reportedly higher than the expenditure, reaching a cumulative total of MVR3,251.6 million (MVR3.3 billion). With this, the overall balance for the period\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mbt.mv\/?p=2933\" \/>\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=\"2022-02-23T15:01:33+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=2933#article\",\"isPartOf\":{\"@id\":\"https:\/\/mbt.mv\/?p=2933\"},\"author\":{\"name\":\"Mohamed Reehaan\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2\"},\"headline\":\"State expenditure hit MVR3.09bn, balance becomes surplus once again\",\"datePublished\":\"2022-02-23T15:01:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/mbt.mv\/?p=2933\"},\"wordCount\":211,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/mbt.mv\/#organization\"},\"image\":{\"@id\":\"https:\/\/mbt.mv\/?p=2933#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"Maldives Government\",\"Public Finance\",\"State Expenditure\",\"State Revenue\"],\"articleSection\":[\"FINANCE\",\"PUBLIC SECTOR\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/mbt.mv\/?p=2933#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mbt.mv\/?p=2933\",\"url\":\"https:\/\/mbt.mv\/?p=2933\",\"name\":\"State expenditure hit MVR3.09bn, balance becomes surplus once again - 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