{"id":4165,"date":"2022-09-22T08:54:12","date_gmt":"2022-09-22T03:54:12","guid":{"rendered":"https:\/\/mbt.mv\/?p=4165"},"modified":"2022-09-22T08:54:12","modified_gmt":"2022-09-22T03:54:12","slug":"state-revenues-bump-174-5-expenses-by-12-6-in-july-2022","status":"publish","type":"post","link":"https:\/\/mbt.mv\/?p=4165","title":{"rendered":"State revenues bump 174.5%, expenses by 12.6% in July 2022"},"content":{"rendered":"<p>State revenue and grants for July 2022 stood at MVR3.03 billion, observing a 174.5% increment compared to same month last year.<\/p>\n<p>In July 2021, total revenue and grants to the state stood at MVR1.1 billion, reports Ministry of Finance.<\/p>\n<p>According to Ministry of Finance, in its recent Monthly Fiscal Developments, the significant proportion of the relative increase is owed to income tax deadline coinciding with July.<\/p>\n<p>On the other hand, total expenditure for the month increased by 12.6% compared to the same month in 2021. Capital expenditure increased by 1.4% and recurrent expenditure by 18.2%.<\/p>\n<p>Fiscal balance exclusively for the month of July gives an overall surplus of MVR319.5 million.<\/p>\n<p>Tax revenues in July 2022 stood at MVR2.3 billion, while non-tax revenue stood at MVR791.9 million. Grants received to the state in the review month stood at MVR5.1 million. In the corresponding month last year, tax revenues stood at just MVR659.5 million while non-tax revenue total stood at MVR324.8 million.<\/p>\n<p>Major revenue categories include;<\/p>\n<ul>\n<li>Business Profit Tax (BPT) &#8211; MVR804.6 million<\/li>\n<li>TGST &#8211; MVR328.9 million<\/li>\n<li>Import Duties &#8211; MVR269.9 million<\/li>\n<li>GGST &#8211; MVR249.0 million<\/li>\n<li>Non-resident Withholding Tax &#8211; MVR72.5 million<\/li>\n<\/ul>\n<p>Expenditure total for the month was recorded at MVR2.7 billion, out of which MVR2.03 billion was spent on recurrent expenses. Remaining MVR677.6 million was concentrated on capital expenses.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State revenue and grants for July 2022 stood at MVR3.03 billion, observing a 174.5% increment compared to same month last year. In July 2021, total revenue and grants to the state stood at MVR1.1 billion, reports Ministry of Finance. According to Ministry of Finance, in its recent Monthly Fiscal Developments, the significant proportion of the<\/p>\n","protected":false},"author":4,"featured_media":3075,"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-4165","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>State revenues bump 174.5%, expenses by 12.6% in July 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=4165\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"State revenues bump 174.5%, expenses by 12.6% in July 2022 - Maldives Business Times\" \/>\n<meta property=\"og:description\" content=\"State revenue and grants for July 2022 stood at MVR3.03 billion, observing a 174.5% increment compared to same month last year. In July 2021, total revenue and grants to the state stood at MVR1.1 billion, reports Ministry of Finance. According to Ministry of Finance, in its recent Monthly Fiscal Developments, the significant proportion of the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mbt.mv\/?p=4165\" \/>\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=\"2022-09-22T03:54:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mbt.mv\/wp-content\/uploads\/2022\/03\/Ibrahim-Ameer-Finance-Minister-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1500\" \/>\n\t<meta property=\"og:image:height\" content=\"969\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\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=4165#article\",\"isPartOf\":{\"@id\":\"https:\/\/mbt.mv\/?p=4165\"},\"author\":{\"name\":\"Mohamed Reehaan\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2\"},\"headline\":\"State revenues bump 174.5%, expenses by 12.6% in July 2022\",\"datePublished\":\"2022-09-22T03:54:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/mbt.mv\/?p=4165\"},\"wordCount\":217,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/mbt.mv\/#organization\"},\"image\":{\"@id\":\"https:\/\/mbt.mv\/?p=4165#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mbt.mv\/wp-content\/uploads\/2022\/03\/Ibrahim-Ameer-Finance-Minister-1.jpg\",\"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=4165#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mbt.mv\/?p=4165\",\"url\":\"https:\/\/mbt.mv\/?p=4165\",\"name\":\"State revenues bump 174.5%, expenses by 12.6% in July 2022 - Maldives Business Times\",\"isPartOf\":{\"@id\":\"https:\/\/mbt.mv\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/mbt.mv\/?p=4165#primaryimage\"},\"image\":{\"@id\":\"https:\/\/mbt.mv\/?p=4165#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mbt.mv\/wp-content\/uploads\/2022\/03\/Ibrahim-Ameer-Finance-Minister-1.jpg\",\"datePublished\":\"2022-09-22T03:54:12+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/mbt.mv\/?p=4165#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/mbt.mv\/?p=4165\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/mbt.mv\/?p=4165#primaryimage\",\"url\":\"https:\/\/mbt.mv\/wp-content\/uploads\/2022\/03\/Ibrahim-Ameer-Finance-Minister-1.jpg\",\"contentUrl\":\"https:\/\/mbt.mv\/wp-content\/uploads\/2022\/03\/Ibrahim-Ameer-Finance-Minister-1.jpg\",\"width\":1500,\"height\":969,\"caption\":\"Minister of Finance Mr. Ibrahim Ameer\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/mbt.mv\/?p=4165#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/mbt.mv\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"State revenues bump 174.5%, expenses by 12.6% in July 2022\"}]},{\"@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":"State revenues bump 174.5%, expenses by 12.6% in July 2022 - 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=4165","og_locale":"en_US","og_type":"article","og_title":"State revenues bump 174.5%, expenses by 12.6% in July 2022 - Maldives Business Times","og_description":"State revenue and grants for July 2022 stood at MVR3.03 billion, observing a 174.5% increment compared to same month last year. In July 2021, total revenue and grants to the state stood at MVR1.1 billion, reports Ministry of Finance. According to Ministry of Finance, in its recent Monthly Fiscal Developments, the significant proportion of the","og_url":"https:\/\/mbt.mv\/?p=4165","og_site_name":"Maldives Business Times","article_publisher":"https:\/\/www.facebook.com\/mvbiztimes","article_published_time":"2022-09-22T03:54:12+00:00","og_image":[{"width":1500,"height":969,"url":"https:\/\/mbt.mv\/wp-content\/uploads\/2022\/03\/Ibrahim-Ameer-Finance-Minister-1.jpg","type":"image\/jpeg"}],"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=4165#article","isPartOf":{"@id":"https:\/\/mbt.mv\/?p=4165"},"author":{"name":"Mohamed Reehaan","@id":"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2"},"headline":"State revenues bump 174.5%, expenses by 12.6% in July 2022","datePublished":"2022-09-22T03:54:12+00:00","mainEntityOfPage":{"@id":"https:\/\/mbt.mv\/?p=4165"},"wordCount":217,"commentCount":0,"publisher":{"@id":"https:\/\/mbt.mv\/#organization"},"image":{"@id":"https:\/\/mbt.mv\/?p=4165#primaryimage"},"thumbnailUrl":"https:\/\/mbt.mv\/wp-content\/uploads\/2022\/03\/Ibrahim-Ameer-Finance-Minister-1.jpg","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=4165#respond"]}]},{"@type":"WebPage","@id":"https:\/\/mbt.mv\/?p=4165","url":"https:\/\/mbt.mv\/?p=4165","name":"State revenues bump 174.5%, expenses by 12.6% in July 2022 - Maldives Business Times","isPartOf":{"@id":"https:\/\/mbt.mv\/#website"},"primaryImageOfPage":{"@id":"https:\/\/mbt.mv\/?p=4165#primaryimage"},"image":{"@id":"https:\/\/mbt.mv\/?p=4165#primaryimage"},"thumbnailUrl":"https:\/\/mbt.mv\/wp-content\/uploads\/2022\/03\/Ibrahim-Ameer-Finance-Minister-1.jpg","datePublished":"2022-09-22T03:54:12+00:00","breadcrumb":{"@id":"https:\/\/mbt.mv\/?p=4165#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/mbt.mv\/?p=4165"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/mbt.mv\/?p=4165#primaryimage","url":"https:\/\/mbt.mv\/wp-content\/uploads\/2022\/03\/Ibrahim-Ameer-Finance-Minister-1.jpg","contentUrl":"https:\/\/mbt.mv\/wp-content\/uploads\/2022\/03\/Ibrahim-Ameer-Finance-Minister-1.jpg","width":1500,"height":969,"caption":"Minister of Finance Mr. Ibrahim Ameer"},{"@type":"BreadcrumbList","@id":"https:\/\/mbt.mv\/?p=4165#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/mbt.mv\/"},{"@type":"ListItem","position":2,"name":"State revenues bump 174.5%, expenses by 12.6% in July 2022"}]},{"@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\/4165","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=4165"}],"version-history":[{"count":0,"href":"https:\/\/mbt.mv\/index.php?rest_route=\/wp\/v2\/posts\/4165\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mbt.mv\/index.php?rest_route=\/wp\/v2\/media\/3075"}],"wp:attachment":[{"href":"https:\/\/mbt.mv\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mbt.mv\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mbt.mv\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}