Government records 6.9% increase in revenue as of April 2025
Total government revenue reached MVR 12.4 billion as of April 24, marking a 6.9% increase compared to the same period last year, when MVR 11.6 billion was received, according to the Ministry of Finance.
Most of this revenue came from taxes, which totaled MVR 9.5 billion, slightly up from MVR 9.4 billion last year.
Non-tax income also grew significantly, rising to MVR 2.8 billion from MVR 1.98 billion.
The biggest source of income this year has been the Tourism Goods and Services Tax (TGST), which brought in MVR 3.8 billion, up from MVR 3.6 billion.
The Green Tax also saw a jump in collections, reaching MVR 617.7 million, compared to MVR 361.9 million last year.
Other major revenue streams included:
- Airport service charges: MVR 490.5 million
- Airport development fees: MVR 492.8 million
At the same time, government spending has decreased. Total expenditure stood at MVR 10.5 billion, down from MVR 13.2 billion during the same period last year.
This included:
- Recurrent expenses: MVR 9.7 billion
- Capital expenses: MVR 804.5 million
Key spending areas were:
- Salaries, allowances, and pensions: MVR 3.7 billion (up from MVR 3.3 billion)
- Administrative expenses: MVR 5.9 billion (down from MVR 6.5 billion)
As a result, the primary balance showed a surplus of MVR 1.9 billion, a major improvement from the MVR 1.6 billion deficit recorded during the same period last year.
The overall balance, which includes all expenses and revenues, also showed a budget surplus of MVR 3.5 billion.
This means the government is currently spending less than it earns.