The total state spending reached MVR 33.562 billion, up 18.8% from MVR 28.251 billion spent during the same period in 2025.
Corporate Maldives
According to the latest weekly fiscal report from the Ministry of Finance and Public Enterprises, the state got MVR 30.205 billion in revenue and grants by September 24, 2026. That's up 5.1% from the MVR 28.750 billion it got during the same period in 2025. Tax revenue also rose from MVR 21.366 billion to MVR 23.388 billion, marking a 9.5% increase.
Last week, the state mainly collected revenue from the tourism sector through the Goods and Services Tax (TGST). MVR 7.880 billion was pulled in TGST, which is up 2.7% from the MVR 7.669 billion collected during the same time last year. Revenue from resort rent also went up a bit, from MVR 1.245 billion to MVR 1.267 billion, a 1.7% increase.
Other revenue-generating sectors also saw improvements compared to the same period last year. Import duty went up by 13.1% to MVR 2.484 billion, and revenue from business and goods tax rose by 21.4% to MVR 5.778 billion. General Goods and Services Tax (GST) increased by 10.8% to MVR 4.051 billion, while revenue from airport service charges and departure tax went up by 8.8% to MVR 1.431 billion. Revenue from goods jumped 25.3% to MVR 1.856 billion, and revenue from grants more than doubled, reaching MVR 0.496 billion from MVR 0.237 billion.
The total state spending reached MVR 33.562 billion, up 18.8% from MVR 28.251 billion spent during the same period in 2025. Recurring expenditure went up 18.8%, from MVR 24.321 billion to MVR 28.897 billion. Spending on Aasandha also rose by 23.3%, reaching MVR 1.748 billion.
For the recurring expenses, salaries and allowances went up by 10.1% to MVR 10.702 billion, while admin costs rose 24.3% to MVR 18.123 billion. Subsidies jumped 77.1% to MVR 4.148 billion, and grants to local councils increased 16.6% to MVR 1.884 billion. Spending on other aids and allowances also went up 53.3% to MVR 1.899 billion.
Spending on development projects went up by 18.7% to MVR 4.666 billion. Infrastructure spending also rose by 18.7% to MVR 4.109 billion. This includes a 35.2% jump in land and building costs, a 57.3% rise in harbour expenses, and a 49.3% increase in other infrastructure. Spending on capital equipment also grew by 18.6% to MVR 0.540 billion.
According to the report, the state's primary surplus as of September 24, 2026, is MVR 0.442 billion. A total of MVR 30.205 billion was received in revenue and grants ,and spent MVR 33.562 billion on ongoing and development projects.
