Driven by a substantial increase in Tourism Goods and Services Tax (TGST) receipts, state revenue has reached MVR 19.1 billion as of early June 2026, marking a 10.1% growth compared to the previous year. Tax revenue accounts for 78% of the total state income, with the most significant growth recorded in the TGST and General GST sectors.
On the expenditure front, spending on infrastructure development projects and fuel subsidies has increased considerably, primarily due to the rise in global oil prices. Notably, while expenditure on subsidies has nearly doubled compared to the previous year, revenue from core economic activities continues to show steady and consistent growth.
