Revenue rises 8.5% to MVR 30.7 billion by mid-October

Government revenue and grants totalled MVR 30.7 billion as of 16 October 2025, reflecting an increase of 8.5 per cent compared to the same period last year, according to the Ministry of Finance’s Weekly Fiscal Development Report.

The report shows that tax revenue amounted to MVR 23 billion, accounting for 75.1 per cent of total revenue and grants received so far this year. Green tax income rose by 105.3 per cent compared to the same period in 2024, while departure tax collections increased by 56.4 per cent.

Overall, both tax and non-tax revenue increased by 9.6 per cent. Airport development fees recorded a 61 per cent rise over the previous year, supported by growth in tourist arrivals. As of mid-October, the Maldives had received more than 1.7 million tourists, representing a 10 per cent increase compared to the same period last year.

Revenue from land acquisition and conversion fees, lease period extension payments, and rental income from resorts also rose during the period.

The government’s Sovereign Development Fund balance increased by 45.3 per cent, reaching MVR 1.6 billion.

By 16 October, the government had received 77.1 per cent of the total revenue and grants estimated for the 2025 budget. During the same period, 62 per cent of the year’s total expenditure allocation had been utilised.