The cumulative total of state revenues, inclusive of foreign grants, is currently at MVR3.8 billion.
According to the Ministry of Finance, as of 02nd February, the cumulative total of state expenditure reached MVR3.5 billion. The state has spent 78% of its budget on recurrent needs and the remaining 22% on capital needs.
The overall balance is a surplus of MVR295.2 million.
The cumulative total of tax revenues as of 02nd February is MVR3.4 billion, and non-tax revenue is at MVR403.1 million.
On the other hand, the cumulative total of recurrent expenditure is now at MVR2.75 billion. The cumulative total of capital expenditure is at MVR765.8 million.
