The Ministry of Finance and Planning has announced that the Maldivian State has received over MVR 30 billion in revenue and grants as of 16 October, marking an 8.5 per cent increase compared to the same period last year.
According to the Ministry’s Weekly Fiscal Development Report, total revenue and grants reached MVR 30.7 billion, with tax income contributing MVR 23 billion—accounting for 75.1 per cent of the total. The surge is attributed to notable increases across both tax and non-tax revenue streams.
Among the standout figures, Green Tax revenue rose by 105.3 per cent, while departure tax collections increased by 56.4 per cent year-on-year. Income from airport development fees also saw a 61.0 per cent rise. These gains align with a 10 per cent increase in tourist arrivals, with over 1.7 million visitors recorded so far in 2025.
Non-tax revenues also experienced growth, particularly from land acquisition and conversion fees, lease extension charges, and resort lease payments. These sources collectively contributed to the overall revenue boost.
The Sovereign Development Fund (SDF) also saw significant growth, with deposits rising by 45.3 per cent to reach MVR 1.6 billion—reflecting ongoing efforts to bolster fiscal resilience and sustainable development financing.
As of mid-October, the State has achieved 77.1 per cent of its projected annual revenue and grant targets outlined in the 2025 budget. Meanwhile, 62.0 per cent of total expenditure is expected to be utilised by year-end.
The Ministry stated that the rise in both tax and non-tax income demonstrates the continued recovery and diversification of the Maldivian economy, particularly driven by the tourism sector and related industries.
