State expenditure at MVR 36.3B, Revenues at MVR 26.2B

The cumulative total of state expenditure reached MVR 36.3 billion as of December 22, 2022, reports the Ministry of Finance. The total approved budget for the previous year was MVR 39.9 billion after the inclusion of an MVR 5.8 billion supplementary budget.

The annual total of state revenues, inclusive of foreign grants had reached MVR 26.2 billion by the review date. The projected total for the year however was MVR 24.3 billion, indicating an excess of MVR 1.9 billion.