The Weekly Fiscal Development Report from the Ministry of Finance shows that the state has received 20.1 billion rufiyaa in revenue and grants. This is an 8.9 percent increase compared to the same period last year. According to the Weekly Fiscal Development Report for the past week, which includes budget expenditures and state revenue, the total revenue and grants received by the state as of July 10 amounted to 20.1 billion rufiyaa.
The state has received 15.4 billion rufiyaa in taxes. Thus, 76.3 percent of the total revenue received by the state so far this year is tax revenue. Among the tax revenue, due to changes in tax rates, the amount of revenue received as Green Tax has increased by 96.5 percent compared to the same period last year. 1.1 billion rufiyaa has been received as Green Tax. 928 million rufiyaa has been received as Airport Service Charge. This is a 54.4 percent increase.
Among tax and non-tax revenues, the revenue received as Airport Development Fee has increased by 53.3 percent compared to the same period last year. This amounts to a total of 940 million rufiyaa. The main reason for this is that the number of tourists visiting the Maldives so far this year has increased by 9.1 percent compared to the same period last year, with more than 1 million tourists visiting. With the increase in revenue, the amount deposited into the Sovereign Development Fund has also increased by 54.4 percent, reaching 1.1 billion rufiyaa.
Revenue from Land Acquisition and Conversion Fee, Lease Period Extension Fee, and resort lease rents have also increased during this period. With this increase, the total revenue and grants received by the state during this period this year have increased by 8.9 percent compared to the same period last year.
