Government expenditure reached MVR 26.9 billion
The government has spent MVR 2.3 billion for loan repayment
finance ministry
The Maldivian government expenditure has reached MVR 26.9 billion so far this year.
Statistics revealed by the Ministry of Finance show that the expenditure for this year has reached 26.9 billion by 01 September, 2022. For the same period last year, the government expenditure was recorded at MVR 24.1 billion.
Finance Ministry's statistics show that the state has spent MVR 17.9 billion as recurrent expenditure. For the same period last year, the government recurrent expenditure was at MVR 15.2 billion.
These include MVR 7.3 billion spent on salaries, wages and pension of staff, as well as the MVR 10.6 billion spent on administrative and operational expenses.
As such, the state has so far spent MVR 3.2 billion on Salaries and Wages, MVR 2.9 billion on Allowances to Employees and MVR 1.2 billion on Pensions, Retirement Benefits and Gratuities.
The state has so far spent MVR 5.5 billion as Grants, Contributions and Subsidies. As such, MVR 1.1 billion has been spent under Aasandha and MVR 2.5 billion has been spend on subsidies. Statistics shows that MVR 1.1 billion has been spent as Council Grants.
The government has so far spent MVR 6.6 billion as capital expenditure. For the same period last year, the government's capital expenditure was MVR 5.3 billion.
As such, MVR 255.4 million was spent on capital equipment and MVR 4.7 billion was spent on infrastructure assets. While MVR 1.3 billion was spent on development projects and investment outlays, it is recorded that the state spent MVR 405.7 million as domestic lending.
Moreover, statistics show that the government has spent MVR 2.3 billion for loan repayment.
So far this year, MVR 557.2 million was transferred to the Sovereign Development Fund and MVR 4.8 billion was spent on public sector investment programs.
