Maldives revenue increases by 8.9% to MVR 20.1 billion
The government also deposited MVR 1.1 billion into the Sovereign Development Fund, representing a 54.4 per cent increase from the same period last year.
The Maldivian government recorded MVR 20.1 billion in revenue and grants as of 10 July 2025, reflecting an 8.9 per cent increase compared to the same period last year, according to the Ministry of Finance’s Weekly Fiscal Development Report.
Tax revenue accounted for MVR 15.4 billion, or 76.3 per cent of total receipts. Green tax collections rose by 96.5 per cent year-on-year following changes to the applicable tax rate. Revenue from airport service charges increased by 54.4 per cent, and re-export royalties and personal income tax collections also rose, with the latter recording a 17.6 per cent increase.
Combined tax and non-tax income from airport development fees grew by 53.3 per cent compared to the same period in 2024. The growth is attributed to a 9.1 per cent rise in tourist arrivals to the Maldives during the period, surpassing one million visitors.
Additional increases were noted in land acquisition and conversion fees, lease period extension charges, and rental income from resorts.
The government also deposited MVR 1.1 billion into the Sovereign Development Fund, representing a 54.4 per cent increase from the same period last year.
As of 10 July 2025, the state has received 50.6 per cent of the total revenue and grants estimated in the 2025 budget. During the same period, 38.1 per cent of the total approved expenditure has been recorded.
