The cumulative total of state revenues and grants as of 07 November 2019 was observed at MVR20.2 billion.
The Weekly Fiscal Development published every week by Ministry of Finance confirms the figures.
Statistics the cumulative total expenditure of state as review week was over MVR21.8 billion.
Tax revenue streams such as TGST, GGST, Import Duty and BPT continue to remain as strongest income generators to Maldives state.
Overall balance for the period was a deficit of MVR1,634.6 million and state had no net issuance for the week.
As of 07 November 2019 the cumulative total of tax revenues was observed over MVR14.1 billion while non tax revenues hit over MVR5.1 billion.
Grants to Maldives government has reached MVR1,049.1 million.
Meanwhile, year-to-date figure of recurrent expenditure hit over MVR16.5 billion and capital expenditure over MVR5.4 billion.
State has spent MVR1,009.1 million on loan repayment while another MVR1,100.6 million was transferred to Sovereign Development Fund.
The SDF balance allocated for investment was valued over MVR2.6 billion while the SDF bank balance was observed at MVR3.4 million.
