The Government has recorded an overall budget surplus of MVR 1.9 billion so far this year, compared to a surplus of MVR 98.2 million during the same period last year.

Figures released in the Ministry of Finance and Planning’s latest Weekly Fiscal Development Report show that the primary balance reached MVR 2.29 billion, a notable improvement from the primary surplus of MVR 1.01 billion recorded during the corresponding period in 2025.

Total revenue and grants stood at MVR 7.79 billion. Of this amount, MVR 6.47 billion was generated through tax revenues, while non-tax revenues accounted for MVR 1.27 billion. Grants received during the period totalled MVR 46.5 million.

The main contributors to tax revenue were Tourism Goods and Services Tax (TGST), Business and Property Tax and Corporate Income Tax. On the non-tax side, the largest inflows came from Land Acquisition and Conversion Fee, Airport Development Fee and registration and licence fees.

Total expenditure during the period reached MVR 5.91 billion. Recurrent spending accounted for MVR 5.47 billion, while capital expenditure stood at MVR 434.1 million. The largest recurrent costs were salaries and wages, employee allowances, pensions, and administrative and operational expenses.

Meanwhile, the Government’s contribution to the Sovereign Development Fund (SDF) reached MVR 287.1 million during the period. The Fund was established to support future debt repayments, identified as a key fiscal priority.

The Ministry also stated that publication of the Weekly Fiscal Development Report was delayed due to structural adjustments within the Public Accounting System. These changes include the introduction of the Judiciary Sectoral Grant mechanism and the creation of a separate ledger account for the Zakat Fund.

The adjustments required system reconfiguration, updates to the chart of accounts and reconciliation processes to ensure accurate classification and reporting of transactions.