According to the Finance Ministry, growth was mainly due to higher revenue from import duties and General Goods and Services Tax (GGST).
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As of 08 October 2026, the state’s revenue and grants stood at MVR31.566 billion, an increase of 3.0 per cent compared to N30.635 billion in the same period in 2025, according to the latest Weekly Fiscal released by the Ministry of Finance and Public Enterprises Developments report. The growth was mainly due to higher revenue from import duties and General Goods and Services Tax (GGST).
Import duty revenue increased by 18.3 percent to MVR 2.757 billion, which was MVR 2.331 billion in the same period last year. GGST revenue also grew by 7.7 per cent to Rs 4.375 billion. With these improvements, total tax revenue increased by 7.4 percent to MVR 24.394 billion.
Other income-generating sectors have also seen improvements. Business and property taxes increased by 21.3 percent to MVR 5.798 billion, while revenue from airport service charges and departure taxes rose 9.2 percent to MVR 1.542 billion. Airport development fees stood at MVR 1.565 billion, an increase of 9.1 percent. In addition, revenue from goods increased by 12.3 percent to MVR 1.954 billion, while grant receipts increased by 77.0 percent to MVR 0.515 billion.
In terms of expenditure, the government has spent heavily on administrative services and infrastructure development. Recurrent expenditure on administrative services rose 7.4 percent to MVR 1.982 billion, while capital expenditure on structural development facilities, excluding land and buildings, rose 8.6 percent to MVR 2.839 billion. Total expenditure on public sector investment programs (PSIP) increased by 16.0 percent to MVR 4.312 billion.
Among other expenditures, expenditure on salaries and wages increased by 14.1 percent to MVR 5.556 billion, while expenditure on aid and subsidies increased by 43.7 percent to MVR 10.366 billion. Of this, expenditure on subsidies increased by 71.8 percent to MVR 4.265 billion while expenditure on Aasandha increased by 23.6 percent to MVR 1.910 billion. In contrast, debt repayment and interest expense declined by 5.2 percent to MVR 3.801 billion from the same period last year.
Overall, the total expenditure of the government as of 08 October 2026 stood at MVR 35.984 billion. This is an increase of 18.3 percent over the same period last year. Of this, recurrent expenditure stood at MVR 31.053 billion. Capital expenditure stood at MVR 4.931 billion. The government recorded an overall deficit of MVR 4.418 billion for the period.
