Maldives revenue reaches MVR 16.7 billion by early June

The state budget recorded MVR 16.7 billion in revenue and grants as of 5 June 2025, reflecting a 6.0 per cent increase compared to the same period last year.

According to the Weekly Fiscal Development Report published by the Ministry of Finance, tax revenue amounted to MVR 13.1 billion, accounting for 78.4 per cent of total revenue received so far this year. The rise in green tax revenue, up by 89.5 per cent from the same period last year, was attributed to recent changes in tax rates.

Revenue from airport development fees — both tax and non-tax — rose by 49.3 per cent compared to the corresponding period in 2024. This was linked to a 9.4 per cent increase in tourist arrivals to the Maldives, which exceeded one million visitors during the reporting period.

In line with the increase in revenue, deposits to the Sovereign Development Fund also rose, recording a 46.7 per cent increase over the same period last year.

As of 5 June, the government had received 41.9 per cent of the total revenue and grants estimated in the 2025 state budget. In comparison, 36.1 per cent of the budgeted expenditure had been utilised.

Total government expenditure stood at MVR 15.6 billion by the same date, reflecting a 22.1 per cent decrease compared to the previous year. Recurrent expenditure declined by 4.4 per cent, while capital expenditure dropped by 71.8 per cent.