{"id":5779,"date":"2023-04-06T13:21:23","date_gmt":"2023-04-06T08:21:23","guid":{"rendered":"https:\/\/mbt.mv\/?p=5779"},"modified":"2023-04-06T13:21:23","modified_gmt":"2023-04-06T08:21:23","slug":"state-expenditures-hit-mvr11-1bn-revenues-at-mvr8-5bn","status":"publish","type":"post","link":"https:\/\/mbt.mv\/?p=5779","title":{"rendered":"State expenditures hit MVR11.1bn, revenues at MVR8.5bn"},"content":{"rendered":"<p>The state expenditures in cumulative terms reached MVR11,085.2 million (MVR11.1 billion) as of 30th March 2023.<\/p>\n<p>On the other hand, the state revenues inclusive of grants reached just MVR8,495.2 million (MVR8.5 billion) by the same review date.<\/p>\n<p>The Maldives government has spent 69% of the state budget has been spent on recurrent needs and the remaining 31% on capital expenses.<\/p>\n<p>Meanwhile, the government earned 80% of its revenues from tax sources and the remaining 20% from non-tax sources.<\/p>\n<h4>Revenues and Grants<\/h4>\n<ul>\n<li>Tax Revenues: MVR6,762.4 million (MVR6.8 billion)<\/li>\n<li>Non-tax Revenues: MVR1,715.0 million (MVR1.7 billion)<\/li>\n<li>Capital Receipts: MVR1.6 million<\/li>\n<li>Grants: MVR16.5 million<\/li>\n<\/ul>\n<h4>Expenditure<\/h4>\n<ul>\n<li>Recurrent Expenditure: MVR7,633.7 million (MVR7.6 billion)<\/li>\n<li>Capital Expenditure: MVR3,451.5 million (MVR3.5 billion)<\/li>\n<\/ul>\n<h4>Memorandum Items<\/h4>\n<ul>\n<li>Loan Repayment: MVR788.9 million<\/li>\n<li>Transfers to Sovereign Development Fund (SDF): MVR278.4 million<\/li>\n<li>Public Sector Investment Program (PSIP): MVR2,699.5 million (MVR2.7 billion)<\/li>\n<li>Councils Block Grant Disbursements: MVR459.3 million<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The state expenditures in cumulative terms reached MVR11,085.2 million (MVR11.1 billion) as of 30th March 2023. On the other hand, the state revenues inclusive of grants reached just MVR8,495.2 million (MVR8.5 billion) by the same review date. The Maldives government has spent 69% of the state budget has been spent on recurrent needs and the<\/p>\n","protected":false},"author":4,"featured_media":5780,"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-5779","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 expenditures hit MVR11.1bn, revenues at MVR8.5bn - 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=5779\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"State expenditures hit MVR11.1bn, revenues at MVR8.5bn - Maldives Business Times\" \/>\n<meta property=\"og:description\" content=\"The state expenditures in cumulative terms reached MVR11,085.2 million (MVR11.1 billion) as of 30th March 2023. On the other hand, the state revenues inclusive of grants reached just MVR8,495.2 million (MVR8.5 billion) by the same review date. The Maldives government has spent 69% of the state budget has been spent on recurrent needs and the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mbt.mv\/?p=5779\" \/>\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=\"2023-04-06T08:21:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mbt.mv\/wp-content\/uploads\/2023\/04\/l_2022_10_24_013246_7jtbvh13gz2pu9x5nw6clsrao8qked4myfi_EN_-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\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=5779#article\",\"isPartOf\":{\"@id\":\"https:\/\/mbt.mv\/?p=5779\"},\"author\":{\"name\":\"Mohamed Reehaan\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2\"},\"headline\":\"State expenditures hit MVR11.1bn, revenues at MVR8.5bn\",\"datePublished\":\"2023-04-06T08:21:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/mbt.mv\/?p=5779\"},\"wordCount\":146,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/mbt.mv\/#organization\"},\"image\":{\"@id\":\"https:\/\/mbt.mv\/?p=5779#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mbt.mv\/wp-content\/uploads\/2023\/04\/l_2022_10_24_013246_7jtbvh13gz2pu9x5nw6clsrao8qked4myfi_EN_-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=5779#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mbt.mv\/?p=5779\",\"url\":\"https:\/\/mbt.mv\/?p=5779\",\"name\":\"State expenditures hit MVR11.1bn, revenues at MVR8.5bn - 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