{"id":4977,"date":"2023-01-03T16:26:22","date_gmt":"2023-01-03T11:26:22","guid":{"rendered":"https:\/\/mbt.mv\/?p=4977"},"modified":"2023-01-03T16:26:22","modified_gmt":"2023-01-03T11:26:22","slug":"govt-revenues-increase-by-2-7-in-november-2022","status":"publish","type":"post","link":"https:\/\/mbt.mv\/?p=4977","title":{"rendered":"Govt revenues increase by 2.7% in November 2022"},"content":{"rendered":"<p>The Ministry of Finance revealed that the state revenues inclusive of grants increased by 2.7% in November 2022 when compared with the same month in 2021.<\/p>\n<p>The ministry further confirmed that the government collected MVR1.85 billion in revenues, including grants.<\/p>\n<p>The total expenditure for the review month decreased by 14.2% when compared with November 2021. Compared to the same month in 2021, capital expenditure decreased by 43.2% while recurrent expenditure dropped only by 0.9%.<\/p>\n<p>The fiscal balance for the review month is an overall deficit of MVR759.9 million.<\/p>\n<h4>Expenditure<\/h4>\n<ul>\n<li>Approved Total: MVR40.7 billion<\/li>\n<li>Cumulative: MVR34.3 billion<\/li>\n<li>Recurrent: MVR2.1 billion<\/li>\n<li>Capital: MVR540.3 million<\/li>\n<\/ul>\n<h4>Expenditure Composition<\/h4>\n<ul>\n<li>Administrative and Operational Expenses: 43.3%<\/li>\n<li>Salaries, Wages, and Pensions of Public Sector Employees: 35.9%<\/li>\n<li>Infrastructure Assets: 15.5%<\/li>\n<li>Capital Equipment: 2.8%<\/li>\n<li>Development Projects and Investment Outlays: 1.6%<\/li>\n<li>Lending: 0.9%<\/li>\n<\/ul>\n<h4>Revenue and Grants<\/h4>\n<ul>\n<li>Approved Total: MVR32.1 billion<\/li>\n<li>Cumulative: MVR24.6 billion<\/li>\n<li>Tax Revenues: MVR1.35 billion<\/li>\n<li>Non-tax Revenues: MVR487.0 million<\/li>\n<li>Grants: MVR14.9 million<\/li>\n<\/ul>\n<h4>Revenue and Grants Composition<\/h4>\n<ul>\n<li>TGST: 27.5%<\/li>\n<li>Other fees and charges: 19.4%<\/li>\n<li>Import Duties: 16.8%<\/li>\n<li>GGST: 14.8%<\/li>\n<li>GRT: 4.1%<\/li>\n<li>ADF: 4.0%<\/li>\n<li>ASC: 3.9%<\/li>\n<li>NRWHT: 3.1%<\/li>\n<li>Other taxes: 1.6%<\/li>\n<li>Others: 1.5%<\/li>\n<li>Property Income: 1.4%<\/li>\n<li>BPT: 1.1%<\/li>\n<\/ul>\n<h4>Memorandum Items<\/h4>\n<ul>\n<li>Loan Repayment: MVR94.3 million<\/li>\n<li>Other Investments: MVR25.0 million<\/li>\n<li>Transfers to Sovereign Development Fund (SDF): MVR74.1 million<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The Ministry of Finance revealed that the state revenues inclusive of grants increased by 2.7% in November 2022 when compared with the same month in 2021. The ministry further confirmed that the government collected MVR1.85 billion in revenues, including grants. The total expenditure for the review month decreased by 14.2% when compared with November 2021.<\/p>\n","protected":false},"author":4,"featured_media":3482,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2424,2428],"tags":[295,1481,1534,1603,1773,1976,1981,2038],"class_list":{"0":"post-4977","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-ministry-of-finance","11":"tag-monthly-fiscal-developments","12":"tag-non-tax-revenue","13":"tag-recurrent-expenditure","14":"tag-state-expenditure","15":"tag-state-revenue","16":"tag-tax-revenue"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Govt revenues increase by 2.7% in November 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=4977\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt revenues increase by 2.7% in November 2022 - Maldives Business Times\" \/>\n<meta property=\"og:description\" content=\"The Ministry of Finance revealed that the state revenues inclusive of grants increased by 2.7% in November 2022 when compared with the same month in 2021. The ministry further confirmed that the government collected MVR1.85 billion in revenues, including grants. The total expenditure for the review month decreased by 14.2% when compared with November 2021.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mbt.mv\/?p=4977\" \/>\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=\"2023-01-03T11:26:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mbt.mv\/wp-content\/uploads\/2022\/06\/Ibrahim-Ameer-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"796\" \/>\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=4977#article\",\"isPartOf\":{\"@id\":\"https:\/\/mbt.mv\/?p=4977\"},\"author\":{\"name\":\"Mohamed Reehaan\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2\"},\"headline\":\"Govt revenues increase by 2.7% in November 2022\",\"datePublished\":\"2023-01-03T11:26:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/mbt.mv\/?p=4977\"},\"wordCount\":185,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/mbt.mv\/#organization\"},\"image\":{\"@id\":\"https:\/\/mbt.mv\/?p=4977#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mbt.mv\/wp-content\/uploads\/2022\/06\/Ibrahim-Ameer-1.jpg\",\"keywords\":[\"Capital Expenditure\",\"Ministry of Finance\",\"Monthly Fiscal Developments\",\"Non Tax Revenue\",\"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=4977#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mbt.mv\/?p=4977\",\"url\":\"https:\/\/mbt.mv\/?p=4977\",\"name\":\"Govt revenues increase by 2.7% in November 2022 - 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