Non-tax revenue records 36.6% growth

Non-tax revenue increased by 36.6 percent compared to the same period last year, according to the Weekly Fiscal Developments report issued by the Ministry of Finance and Planning as of 8 May 2025.

The report shows that non-tax collections have grown significantly during the year, contributing to the overall increase in government revenue.

As of 8 May 2025, tax revenue accounted for 78.0 percent of total state revenue, with collections reaching MVR 11.1 billion. Of this, 79.2 percent came from Goods and Services Tax (GST), corporate income tax, and import duty.

The government received MVR 761.1 million in green tax during the reporting period, up from MVR 429.6 million collected in the same period last year. Airport departure tax revenue totalled MVR 412.3 million for the same period.

The report noted that while import duty revenue declined during the period due to policy measures introduced in the previous year related to public health and social welfare, other tax revenues have increased alongside growth in the tourism industry and the wider economy.

Compared to the same period last year:

As of 8 May, 25.0 percent of the total expenditure allocated for 2025 had been spent. This marks a 21.8 percent reduction compared to the same period in 2024.

Recurrent expenditure represented 91.7 percent of total spending. Staff-related expenditure rose by 7.9 percent, while total recurrent expenditure declined by 5.2 percent.

Subsidy spending decreased by 21.3 percent, attributed to changes in global oil prices.

Capital expenditure dropped by 73.2 percent compared to the same period last year. The Ministry attributed this to stricter capital spending policies and larger foreign disbursements for major construction projects in the first quarter of 2024.