The Ministry of Finance and Planning has reported a total Government revenue of MVR 32.7 billion as of  December 19, 2024.

According to the latest weekly statistics released by the Ministry of Finance and Planning, total Government revenue comprises MVR 24.8 billion from tax revenues, MVR 7.3 billion from non-tax revenues, and MVR 612 million from grants. Tax revenue was largely driven by Goods and Services Tax (GST) and Business and Property Tax, with increased import duties also contributing significantly to the overall revenue generation.

Government expenditure during the same period reached MVR 46 billion, with MVR 32.1 billion allocated to recurrent expenditures. This covers salaries, wages, pensions, and operational costs essential for the delivery of public services. Meanwhile, MVR 13.9 billion was directed towards capital investments, including projects focused on roads, bridges, airports, and key infrastructure assets.

Significant investments totalling MVR 10.3 billion have been allocated to health services, education, environmental protection, and housing infrastructure under the Public Sector Investment Programme (PSIP). These annual investments aim to enhance the quality of life for citizens and drive progress towards national development goals.

Looking ahead, the Ministry of Finance and Planning has earmarked an increased budget of MVR 12.4 billion for PSIP projects in the upcoming fiscal year.

In a bid to improve efficiency and ensure better project outcomes, the Government plans to prioritise profitability in the implementation of PSIP initiatives starting next year. A dedicated Project Preparatory Fund will also be established to assess the feasibility of proposed projects, with resources directed towards conducting essential studies and evaluations before execution.