The Maldives government reported a surplus of MVR 1,459.1 million as of 6th March 2025, according to the latest Weekly Fiscal Developments report. The report highlights both revenue growth and expenditure patterns for the period from 1st January to 6th March.
The cumulative revenue and grants collected during this period amounted to MVR 7,198.0 million, with the most notable increase coming from the Tourism Goods and Services Tax. Meanwhile, the cumulative expenditure stood at MVR 5,739.0 million, with administrative and operational expenses accounting for the highest increase in spending.
The report reveals that recurrent expenditure totalled MVR 5,344.3 million, which includes MVR 2,434.5 million spent on salaries, wages, and pensions. Administrative and operational expenses followed closely with MVR 2,909.0 million.
Capital expenditure for the period was notably lower at MVR 394.6 million. Spending in this category included investments in land and buildings, infrastructure assets, and capital equipment.
On the revenue side, tax revenues reached MVR 5,948.0 million, with Tourism Goods and Services Tax contributing MVR 2,399.4 million. Non-tax revenue stood at MVR 1,209.1 million, reflecting increased earnings from fees, charges, and property income.
The Maldives’ total budget for 2025 is approved at MVR 56,647.6 million, with total expenditure projected at MVR 49,178.5 million and revenue estimates at MVR 39,790.0 million. The government’s positive balance so far reflects steady revenue collection alongside controlled spending.
