{"id":4734,"date":"2022-11-23T12:47:45","date_gmt":"2022-11-23T07:47:45","guid":{"rendered":"https:\/\/mbt.mv\/?p=4734"},"modified":"2022-11-23T12:47:45","modified_gmt":"2022-11-23T07:47:45","slug":"state-expenditure-hit-mvr32-2b-revenue-at-mvr23-7b","status":"publish","type":"post","link":"https:\/\/mbt.mv\/?p=4734","title":{"rendered":"State expenditure hit MVR32.2b, revenue at MVR23.7b"},"content":{"rendered":"

State expenditure has reached MVR32,231.0 million (MVR32.2 billion) as of 17th November 2022. The approved expenditure for the fiscal year is MVR34,101.8 million (MVR34.1 billion).<\/p>\n

On the other hand, state revenues inclusive of grants reached MVR23,695.8 million (MVR23.7 billion). The project revenue total, inclusive of grants for the year is MVR24,279.9 million (MVR24.3 billion).<\/p>\n

Expenditure composition so far in 2022 indicates 74% of the total has been spent on recurrent expenses, remaining 26% on capital expenses. Meanwhile, 72% of the revenue composition indicates, came from tax sources. The remaining 28% came from non-tax sources.<\/p>\n

The overall balance for the period is a deficit of MVR8,535.2 million (MVR8.5 billion).<\/p>\n

The cumulative tax revenue total as of 17th November is at MVR16,953.0 million (MVR16.95 billion). The cumulative non-tax revenue total by the review date reached MVR6,568.7 million (MVR6.6 billion). Grants received to the state is at MVR322.4 million.<\/p>\n

Recurrent expenditure in annual terms has reached MVR23,692.2 million (MVR23.7 billion). The capital expense in annual terms reached MVR8,538.8 million (MVR8.5 billion).<\/p>\n","protected":false},"excerpt":{"rendered":"

State expenditure has reached MVR32,231.0 million (MVR32.2 billion) as of 17th November 2022. The approved expenditure for the fiscal year is MVR34,101.8 million (MVR34.1 billion). On the other hand, state revenues inclusive of grants reached MVR23,695.8 million (MVR23.7 billion). The project revenue total, inclusive of grants for the year is MVR24,279.9 million (MVR24.3 billion). Expenditure<\/p>\n","protected":false},"author":4,"featured_media":4490,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2424,2428],"tags":[295,1603,1727,1773,1976,1981,2038],"class_list":{"0":"post-4734","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance","8":"category-public-sector","9":"tag-capital-expenditure","10":"tag-non-tax-revenue","11":"tag-public-finance","12":"tag-recurrent-expenditure","13":"tag-state-expenditure","14":"tag-state-revenue","15":"tag-tax-revenue"},"yoast_head":"\nState expenditure hit MVR32.2b, revenue at MVR23.7b - 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=4734\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"State expenditure hit MVR32.2b, revenue at MVR23.7b - Maldives Business Times\" \/>\n<meta property=\"og:description\" content=\"State expenditure has reached MVR32,231.0 million (MVR32.2 billion) as of 17th November 2022. The approved expenditure for the fiscal year is MVR34,101.8 million (MVR34.1 billion). On the other hand, state revenues inclusive of grants reached MVR23,695.8 million (MVR23.7 billion). The project revenue total, inclusive of grants for the year is MVR24,279.9 million (MVR24.3 billion). Expenditure\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mbt.mv\/?p=4734\" \/>\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=\"2022-11-23T07:47:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mbt.mv\/wp-content\/uploads\/2022\/10\/348852_3_41299d143b9b634768f938847b5065d007c8def6_large-1.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1140\" \/>\n\t<meta property=\"og:image:height\" content=\"736\" \/>\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=4734#article\",\"isPartOf\":{\"@id\":\"https:\/\/mbt.mv\/?p=4734\"},\"author\":{\"name\":\"Mohamed Reehaan\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2\"},\"headline\":\"State expenditure hit MVR32.2b, revenue at MVR23.7b\",\"datePublished\":\"2022-11-23T07:47:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/mbt.mv\/?p=4734\"},\"wordCount\":171,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/mbt.mv\/#organization\"},\"image\":{\"@id\":\"https:\/\/mbt.mv\/?p=4734#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mbt.mv\/wp-content\/uploads\/2022\/10\/348852_3_41299d143b9b634768f938847b5065d007c8def6_large-1.jpeg\",\"keywords\":[\"Capital Expenditure\",\"Non Tax Revenue\",\"Public Finance\",\"Recurrent Expenditure\",\"State Expenditure\",\"State Revenue\",\"Tax Revenue\"],\"articleSection\":[\"FINANCE\",\"PUBLIC SECTOR\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/mbt.mv\/?p=4734#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mbt.mv\/?p=4734\",\"url\":\"https:\/\/mbt.mv\/?p=4734\",\"name\":\"State expenditure hit MVR32.2b, revenue at MVR23.7b - 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