Maldives Sees Positive Fiscal Start as Revenue Surpasses Expenditure

The Maldivian government’s revenue exceeded its expenditure in the first three weeks of 2025, according to data released by the Ministry of Finance and planning. As of January 23, total government ...

Mohamed Hilmy

08 February 2025, 00:00

The Maldivian government’s revenue exceeded its expenditure in the first three weeks of 2025, according to data released by the Ministry of Finance and planning.

As of January 23, total government expenditure stood at MVR 846.4 million, while revenue collected during the same period reached MVR 1.3 billion.

79% (approximately MVR 1 billion) of the revenue came from taxes, while 21% (MVR 275 million) was from non-tax sources. Additionally, the government received MVR 4.2 million in grant aid.

All government spending in this period was classified as recurrent expenditure. A breakdown of key spending categories includes:

MVR 152 million allocated for salaries and allowances, a significant increase from MVR 9.2 million in the same period last year.

MVR 62.6 million used for the Aasandha health insurance scheme, down from MVR 109.8 million in the same period last year.

MVR 5.1 million spent on travel expenses, reflecting a decrease from MVR 17.6 million recorded in early 2024.

The data indicates a positive fiscal start to 2025, with revenue collection outpacing government spending.

Maldives Sees Positive Fiscal Start as Revenue Surpasses Expenditure

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