{"id":3033,"date":"2022-03-13T18:11:00","date_gmt":"2022-03-13T13:11:00","guid":{"rendered":"https:\/\/mbt.mv\/?p=3033"},"modified":"2022-03-13T18:11:00","modified_gmt":"2022-03-13T13:11:00","slug":"expenditures-hit-mvr5-0bn-revenues-lag-behind-at-mvr4-7bn","status":"publish","type":"post","link":"https:\/\/mbt.mv\/?p=3033","title":{"rendered":"Expenditures hit MVR5.0bn, revenues lag behind at MVR4.7bn"},"content":{"rendered":"<p>According to the latest updates from the Ministry of Finance the cumulative total of state expenditures has reached MVR5,002.4 million (MVR5.0 billion).<\/p>\n<p>Meanwhile, the cumulative total of state revenues inclusive of foreign grants reached MVR4,671.8 million as of 03rd March 2022.<\/p>\n<p>The Maldives state has spent 78% of its budget on recurrent expenses and the remaining 22% on capital expenses. On the other hand, the state has earned 84% of its total revenue from tax sources and the remaining 16% from nontax sources.<\/p>\n<p>As of 03rd March, the cumulative total of tax revenues reached MVR3,908.0 million. In 2021 the cumulative total of tax revenues as of the corresponding period reached MVR3,127.0 million.<\/p>\n<p>Furthermore, the cumulative total of nontax revenues as of the review period reached MVR824.4 million while in the same period in 2021 it stood at MVR531.9 million.<\/p>\n<p>Maldives government has received MVR59.6 million so far in foreign grants.<\/p>\n<p>Government spending shows that the state has spent MVR3,924.3 million on recurrent expenses out of which the majority was spent on administrative and operational expenses.<\/p>\n<p>In addition to this, the state has spent MVR1,078.1 million on capital expenses out of which the highest spending was concentrated on acquiring infrastructure assets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to the latest updates from the Ministry of Finance the cumulative total of state expenditures has reached MVR5,002.4 million (MVR5.0 billion). Meanwhile, the cumulative total of state revenues inclusive of foreign grants reached MVR4,671.8 million as of 03rd March 2022. The Maldives state has spent 78% of its budget on recurrent expenses and the<\/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":[1481,1727,1976,1981],"class_list":{"0":"post-3033","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-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>Expenditures hit MVR5.0bn, revenues lag behind at MVR4.7bn - 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=3033\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Expenditures hit MVR5.0bn, revenues lag behind at MVR4.7bn - Maldives Business Times\" \/>\n<meta property=\"og:description\" content=\"According to the latest updates from the Ministry of Finance the cumulative total of state expenditures has reached MVR5,002.4 million (MVR5.0 billion). Meanwhile, the cumulative total of state revenues inclusive of foreign grants reached MVR4,671.8 million as of 03rd March 2022. The Maldives state has spent 78% of its budget on recurrent expenses and the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mbt.mv\/?p=3033\" \/>\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=\"2022-03-13T13:11:00+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=3033#article\",\"isPartOf\":{\"@id\":\"https:\/\/mbt.mv\/?p=3033\"},\"author\":{\"name\":\"Mohamed Reehaan\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2\"},\"headline\":\"Expenditures hit MVR5.0bn, revenues lag behind at MVR4.7bn\",\"datePublished\":\"2022-03-13T13:11:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/mbt.mv\/?p=3033\"},\"wordCount\":203,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/mbt.mv\/#organization\"},\"image\":{\"@id\":\"https:\/\/mbt.mv\/?p=3033#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"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=3033#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mbt.mv\/?p=3033\",\"url\":\"https:\/\/mbt.mv\/?p=3033\",\"name\":\"Expenditures hit MVR5.0bn, revenues lag behind at MVR4.7bn - Maldives Business Times\",\"isPartOf\":{\"@id\":\"https:\/\/mbt.mv\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/mbt.mv\/?p=3033#primaryimage\"},\"image\":{\"@id\":\"https:\/\/mbt.mv\/?p=3033#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2022-03-13T13:11:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/mbt.mv\/?p=3033#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/mbt.mv\/?p=3033\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/mbt.mv\/?p=3033#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/mbt.mv\/?p=3033#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/mbt.mv\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Expenditures hit MVR5.0bn, revenues lag behind at MVR4.7bn\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/mbt.mv\/#website\",\"url\":\"https:\/\/mbt.mv\/\",\"name\":\"Maldives Business Times\",\"description\":\"Maldives Business Times delivers timely and in-depth English news on business, economy, and breaking events in the Maldives.\",\"publisher\":{\"@id\":\"https:\/\/mbt.mv\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/mbt.mv\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/mbt.mv\/#organization\",\"name\":\"Maldives Business Times\",\"url\":\"https:\/\/mbt.mv\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/mbt.mv\/wp-content\/uploads\/2025\/02\/background_removed_image_x5KLRjOsQMGL6jgPS4Hiew.png\",\"contentUrl\":\"https:\/\/mbt.mv\/wp-content\/uploads\/2025\/02\/background_removed_image_x5KLRjOsQMGL6jgPS4Hiew.png\",\"width\":1312,\"height\":736,\"caption\":\"Maldives Business Times\"},\"image\":{\"@id\":\"https:\/\/mbt.mv\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/mvbiztimes\",\"https:\/\/x.com\/mvbiztimes\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2\",\"name\":\"Mohamed Reehaan\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ac0f3a9111db774c387735910f0eeee4432a0db79cc936fe00f3f0fb05f1af6c?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ac0f3a9111db774c387735910f0eeee4432a0db79cc936fe00f3f0fb05f1af6c?s=96&d=mm&r=g\",\"caption\":\"Mohamed Reehaan\"},\"url\":\"https:\/\/mbt.mv\/?author=4\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Expenditures hit MVR5.0bn, revenues lag behind at MVR4.7bn - Maldives Business Times","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/mbt.mv\/?p=3033","og_locale":"en_US","og_type":"article","og_title":"Expenditures hit MVR5.0bn, revenues lag behind at MVR4.7bn - Maldives Business Times","og_description":"According to the latest updates from the Ministry of Finance the cumulative total of state expenditures has reached MVR5,002.4 million (MVR5.0 billion). Meanwhile, the cumulative total of state revenues inclusive of foreign grants reached MVR4,671.8 million as of 03rd March 2022. The Maldives state has spent 78% of its budget on recurrent expenses and the","og_url":"https:\/\/mbt.mv\/?p=3033","og_site_name":"Maldives Business Times","article_publisher":"https:\/\/www.facebook.com\/mvbiztimes","article_published_time":"2022-03-13T13:11:00+00:00","author":"Mohamed Reehaan","twitter_card":"summary_large_image","twitter_creator":"@mvbiztimes","twitter_site":"@mvbiztimes","twitter_misc":{"Written by":"Mohamed Reehaan","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/mbt.mv\/?p=3033#article","isPartOf":{"@id":"https:\/\/mbt.mv\/?p=3033"},"author":{"name":"Mohamed Reehaan","@id":"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2"},"headline":"Expenditures hit MVR5.0bn, revenues lag behind at MVR4.7bn","datePublished":"2022-03-13T13:11:00+00:00","mainEntityOfPage":{"@id":"https:\/\/mbt.mv\/?p=3033"},"wordCount":203,"commentCount":0,"publisher":{"@id":"https:\/\/mbt.mv\/#organization"},"image":{"@id":"https:\/\/mbt.mv\/?p=3033#primaryimage"},"thumbnailUrl":"","keywords":["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=3033#respond"]}]},{"@type":"WebPage","@id":"https:\/\/mbt.mv\/?p=3033","url":"https:\/\/mbt.mv\/?p=3033","name":"Expenditures hit MVR5.0bn, revenues lag behind at MVR4.7bn - Maldives Business Times","isPartOf":{"@id":"https:\/\/mbt.mv\/#website"},"primaryImageOfPage":{"@id":"https:\/\/mbt.mv\/?p=3033#primaryimage"},"image":{"@id":"https:\/\/mbt.mv\/?p=3033#primaryimage"},"thumbnailUrl":"","datePublished":"2022-03-13T13:11:00+00:00","breadcrumb":{"@id":"https:\/\/mbt.mv\/?p=3033#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/mbt.mv\/?p=3033"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/mbt.mv\/?p=3033#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/mbt.mv\/?p=3033#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/mbt.mv\/"},{"@type":"ListItem","position":2,"name":"Expenditures hit MVR5.0bn, revenues lag behind at MVR4.7bn"}]},{"@type":"WebSite","@id":"https:\/\/mbt.mv\/#website","url":"https:\/\/mbt.mv\/","name":"Maldives Business Times","description":"Maldives Business Times delivers timely and in-depth English news on business, economy, and breaking events in the Maldives.","publisher":{"@id":"https:\/\/mbt.mv\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/mbt.mv\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/mbt.mv\/#organization","name":"Maldives Business Times","url":"https:\/\/mbt.mv\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/mbt.mv\/#\/schema\/logo\/image\/","url":"https:\/\/mbt.mv\/wp-content\/uploads\/2025\/02\/background_removed_image_x5KLRjOsQMGL6jgPS4Hiew.png","contentUrl":"https:\/\/mbt.mv\/wp-content\/uploads\/2025\/02\/background_removed_image_x5KLRjOsQMGL6jgPS4Hiew.png","width":1312,"height":736,"caption":"Maldives Business Times"},"image":{"@id":"https:\/\/mbt.mv\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/mvbiztimes","https:\/\/x.com\/mvbiztimes"]},{"@type":"Person","@id":"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2","name":"Mohamed Reehaan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/mbt.mv\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ac0f3a9111db774c387735910f0eeee4432a0db79cc936fe00f3f0fb05f1af6c?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ac0f3a9111db774c387735910f0eeee4432a0db79cc936fe00f3f0fb05f1af6c?s=96&d=mm&r=g","caption":"Mohamed Reehaan"},"url":"https:\/\/mbt.mv\/?author=4"}]}},"_links":{"self":[{"href":"https:\/\/mbt.mv\/index.php?rest_route=\/wp\/v2\/posts\/3033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mbt.mv\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mbt.mv\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mbt.mv\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/mbt.mv\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3033"}],"version-history":[{"count":0,"href":"https:\/\/mbt.mv\/index.php?rest_route=\/wp\/v2\/posts\/3033\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mbt.mv\/index.php?rest_route=\/"}],"wp:attachment":[{"href":"https:\/\/mbt.mv\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mbt.mv\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mbt.mv\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}