Cumulative total of state expenditure as of 21st July reaches MVR20,070.7 million (MVR20.07 billion), while cumulative total of state revenues sluggishly hit MVR14,811.4 million (MVR14.8 billion).
State has spent 76% of their budgetary total on recurrent expenses and 24% on capital expenses.
On the other hand, state earned 74% of its revenue from tax sources and 26% of the government revenue came through non-tax sources.
The overall fiscal balance for the review period is a deficit of MVR5,259.3 million (MVR5.3 billion).
Tax revenues in annual terms reached MVR10,959.4 million (MVR10.96 billion) as of the review date while non-tax revenues reached MVR3,771.8 million (MVR3.8 billion).
As for expenses, state has spent MVR15,299.0 million (MVR15.3 billion) on recurrent needs and MVR4,771.7 million (MVR4.8 billion) on capital expenses.
