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Maldives state revenue grows
05 Dec 2024
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Photo: Maldives Republic
The Government's state revenue and grants increased by 1.3 per cent to MVR 31.1 billion between January 1 and November 28, 2024. Key contributors were Goods and Services Tax (GST) and Business and Property Tax, which saw notable growth. The Government's total expenditure for the period reached MVR 42.8 billion, with a large portion allocated to recurrent costs and capital projects.
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