The Ministry of Finance and Public Enterprises has reported an 11.6 per cent increase in State revenue and grants as of 16 April.

Ministry’s Weekly Fiscal Development Report shows that total State revenue and grants reached MVR 13.6 billion during the period, compared to MVR 12.2 billion in the same period last year.

Total Government expenditure also rose to MVR 12 billion, up from approximately MVR 10.3 billion last year, reflecting a 16.9 per cent increase. Despite the rise in spending, the State budget currently records a surplus of MVR 1.6 billion.

Tax revenue reached MVR 10.9 billion, marking a 19.7 per cent increase from MVR 9.1 billion in the same period in 2025. Of this amount, MVR 5.9 billion was generated from Goods and Services Tax (GST).

The largest increase came from Tourism Goods and Services Tax (TGST), which reached MVR 4.3 billion by 16 April, a 17.5 per cent rise compared to last year. Other tourism-related revenue also showed growth, with green tax revenue reaching MVR 768.0 million and departure tax generating MVR 649.5 million.

On the expenditure side, recurrent spending rose to MVR 10.6 billion, reflecting a 14.6 per cent increase, while capital expenditure recorded a sharp rise of 39.9 per cent to MVR 1.3 billion.

Within recurrent expenditure, MVR 4.0 billion was spent on salaries and pensions, while administrative and operational expenses totalled MVR 6.7 billion. Subsidies recorded the highest increase in spending, reaching MVR 1.4 billion, up 36.2 per cent compared to the same period last year.

The report also reflects the recent restructuring of Government ministries and agencies following cabinet and institutional changes announced by the President’s Office on 15 April. The Finance Ministry said the adjustments were made to ensure Government financial accounts align with the current administrative structure.