Ibrahim Naufal (Ibu)   11 December 2022 - 09:03 PM
According to the statistical reports of the Finance Ministry, while it was estimated that the state would receive a revenue of MVR 24.2 billion this year, so far the state has received MVR 24.7 billion.

This number is expected to increase with this month's revenue.

According to the statistical reports, the state received MVR 24.79 billion in revenue by the 1st of this month. And state expenditure stood at MVR 33.4 billion.

While state expenditure has reached MVR 33.4 billion, this is lower than the estimated MVR 39.9 billion.

While the state has collected MVR 17.9 billion in taxes so far this year, this is higher than the estimated MVR 15.03 billion. And while MVR 6.7 billion has been received in non-tax revenue, this is higher than the estimated MVR 6.4 billion.

While recurrent expenditure has reached MVR 25 billion so far this year, this is lower than the MVR 28.1 billion budget allocated for the purpose. And while capital expenditure has reached MVR 8.3 billion, this is lower than the budgeted MVR 11.8 billion.