{"id":5794,"date":"2023-04-10T12:33:27","date_gmt":"2023-04-10T07:33:27","guid":{"rendered":"https:\/\/mbt.mv\/?p=5794"},"modified":"2023-04-10T12:33:27","modified_gmt":"2023-04-10T07:33:27","slug":"state-revenues-and-grants-increase-117-in-february-2023","status":"publish","type":"post","link":"https:\/\/mbt.mv\/?p=5794","title":{"rendered":"State revenues and grants increase 117% in February 2023"},"content":{"rendered":"<p>The state revenues and grants for February 2023 is MVR4,081.6 million (MVR4.2 billion), a 117.0% percent rise compared to the same month in 2022, reported the Ministry of Finance.<\/p>\n<p>According to the ministry, the total expenditure for the month increased by 5.1% compared to the same month last year. Capital expenditure declined by 5.1% whereas recurrent expenditure observed a 14.5% increment.<\/p>\n<p>The fiscal balance for the month gives an overall deficit of MVR739.7 million.<\/p>\n<h3>Revenues and Grants<\/h3>\n<ul>\n<li>Tax Revenues: MVR1,792.5 million (MVR1.8 billion)<\/li>\n<li>Non-tax Revenues: MVR639.6 million<\/li>\n<li>Proceeds from Sale of Assets: MVR0.2 million<\/li>\n<li>Grants: MVR3.1 million<\/li>\n<\/ul>\n<h3>Expenditure<\/h3>\n<ul>\n<li>Recurrent Expenditure: MVR2,387.2 million (MVR2.4 billion)<\/li>\n<li>Capital Expenditure: MVR787.8 million<\/li>\n<\/ul>\n<h5>Recurrent Expenditure<\/h5>\n<ul>\n<li>Administrative and Operational Expenses: MVR1,347.3 million (MVR1.3 billion)<\/li>\n<li>Salaries, Wages, and Pensions: MVR946.8 million<\/li>\n<li>Losses and Write-Offs: MVR93.1 million<\/li>\n<\/ul>\n<h5>Capital Expenditure<\/h5>\n<ul>\n<li>Land and Building: MVR304.8 million<\/li>\n<li>Infrastructure Assets: MVR278.2 million<\/li>\n<li>Lending: MVR132.0 million<\/li>\n<li>Development Projects and Investments Outlays: MVR37.9 million<\/li>\n<li>Capital Equipment: MVR34.9 million<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The state revenues and grants for February 2023 is MVR4,081.6 million (MVR4.2 billion), a 117.0% percent rise compared to the same month in 2022, reported the Ministry of Finance. According to the ministry, the total expenditure for the month increased by 5.1% compared to the same month last year. Capital expenditure declined by 5.1% whereas<\/p>\n","protected":false},"author":4,"featured_media":5493,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2424,2428],"tags":[1301,1481,1976,1981],"class_list":{"0":"post-5794","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance","8":"category-public-sector","9":"tag-maldives-government","10":"tag-ministry-of-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>State revenues and grants increase 117% in February 2023 - 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=5794\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"State revenues and grants increase 117% in February 2023 - Maldives Business Times\" \/>\n<meta property=\"og:description\" content=\"The state revenues and grants for February 2023 is MVR4,081.6 million (MVR4.2 billion), a 117.0% percent rise compared to the same month in 2022, reported the Ministry of Finance. According to the ministry, the total expenditure for the month increased by 5.1% compared to the same month last year. Capital expenditure declined by 5.1% whereas\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mbt.mv\/?p=5794\" \/>\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=\"2023-04-10T07:33:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mbt.mv\/wp-content\/uploads\/2023\/03\/338004_3_f0b00e2b563557332d3f3faedfe01ae51471b67d-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=5794#article\",\"isPartOf\":{\"@id\":\"https:\/\/mbt.mv\/?p=5794\"},\"author\":{\"name\":\"Mohamed Reehaan\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2\"},\"headline\":\"State revenues and grants increase 117% in February 2023\",\"datePublished\":\"2023-04-10T07:33:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/mbt.mv\/?p=5794\"},\"wordCount\":155,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/mbt.mv\/#organization\"},\"image\":{\"@id\":\"https:\/\/mbt.mv\/?p=5794#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mbt.mv\/wp-content\/uploads\/2023\/03\/338004_3_f0b00e2b563557332d3f3faedfe01ae51471b67d-1.jpg\",\"keywords\":[\"Maldives Government\",\"Ministry of Finance\",\"State Expenditure\",\"State Revenue\"],\"articleSection\":[\"FINANCE\",\"PUBLIC SECTOR\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/mbt.mv\/?p=5794#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mbt.mv\/?p=5794\",\"url\":\"https:\/\/mbt.mv\/?p=5794\",\"name\":\"State revenues and grants increase 117% in February 2023 - 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