Budget summary
August 2018
This section consists of the summarized table of government budget. This section summarizes government revenue and expenditure into their broad headings,
and gives their resulting net effect as either deficit or surplus.It also include summarized information on government spending that are not classified as expenditure.
In Maldivian Rufiyaa
2017
2018
2017
2018
Actual
Approved
Jan - Aug
Jan - Aug
Summary of Government Finances
Total Revenue & Grants
20,258,671,149
22,400,728,222
14,294,561,831
14,608,973,802
1,680,640,061
1,387,503,741
14,294,561,831
14,608,973,802
2,482,656,798
2,438,981,017
12,613,921,770
13,221,470,061
1,331,124,444
1,827,441,693
10,131,264,972
10,782,489,044
1,818,255,023
1,295,857,161
8,800,140,528
8,955,047,351
1,326,791,285
1,498,934,534
6,981,885,505
7,659,190,190
1,702,269,119
1,962,017,997
5,655,094,221
6,160,255,656
1,542,103,513
1,733,249,277
3,952,825,101
4,198,237,660
2,410,721,589
2,464,988,382
2,410,721,589
2,464,988,382
of which: Total Revenue
19,914,907,670
21,667,029,705
10,994,027,568
14,555,598,601
899,471,140
1,385,628,130
10,994,027,568
14,555,598,601
2,002,741,797
2,433,150,491
10,094,556,428
13,169,970,471
686,653,636
1,820,956,185
8,091,814,631
10,736,819,980
1,459,160,642
1,294,369,055
7,405,160,995
8,915,863,795
1,039,768,409
1,500,037,954
5,946,000,353
7,621,494,740
1,165,820,225
1,958,565,213
4,906,231,944
6,121,456,786
1,340,484,726
1,698,001,907
3,740,411,719
4,162,891,573
2,399,926,992
2,464,889,667
2,399,926,992
2,464,889,667
Total Budget
25,287,837,216
27,966,303,968
11,739,963,648
17,842,159,229
1,454,340,791
2,010,276,346
11,739,963,648
17,842,159,229
2,027,094,318
2,077,948,253
10,285,622,857
15,831,882,883
1,135,517,446
1,883,036,734
8,258,528,539
13,753,934,630
1,356,320,371
2,351,837,796
7,123,011,093
11,870,897,897
1,298,227,915
2,461,306,622
5,766,690,721
9,519,060,100
1,992,751,844
2,750,441,483
4,468,462,806
7,057,753,478
1,156,794,906
2,156,016,360
2,475,710,962
4,307,311,995
1,318,916,057
2,151,295,635
1,318,916,057
2,151,295,635
Total Expenditure
22,497,547,128
24,894,624,007
9,635,347,652
15,701,679,800
1,397,705,719
1,905,474,725
9,635,347,652
15,701,679,800
1,362,503,267
1,784,660,244
8,237,641,933
13,796,205,075
1,084,961,814
1,716,146,058
6,875,138,666
12,011,544,832
1,307,877,541
2,134,345,541
5,790,176,852
10,295,398,773
1,197,422,180
2,204,940,446
4,482,299,311
8,161,053,233
1,134,542,968
2,390,165,791
3,284,877,131
5,956,112,787
988,260,156
1,582,560,663
2,150,334,162
3,565,946,996
1,162,074,006
1,983,386,332
1,162,074,006
1,983,386,332
Recurrent
14,951,353,300
16,066,226,924
6,097,688,585
11,171,639,366
704,389,053
1,401,351,884
6,097,688,585
11,171,639,366
726,457,177
1,516,384,525
5,393,299,532
9,770,287,482
691,761,046
1,338,296,686
4,666,842,355
8,253,902,958
790,801,827
1,657,744,192
3,975,081,309
6,915,606,272
702,489,459
1,353,541,243
3,184,279,482
5,257,862,080
707,356,918
1,406,013,252
2,481,790,023
3,904,320,837
737,570,079
1,353,656,165
1,774,433,104
2,498,307,585
1,036,863,025
1,144,651,419
1,036,863,025
1,144,651,419
Capital
7,546,193,827
8,828,397,083
3,685,833,646
4,530,040,434
753,048,727
504,122,841
3,685,833,646
4,530,040,434
804,671,770
268,275,719
2,932,784,920
4,025,917,593
510,776,886
377,849,373
2,128,113,150
3,757,641,874
285,394,394
476,601,348
1,617,336,264
3,379,792,501
660,077,449
851,399,203
1,331,941,870
2,903,191,153
400,745,210
984,152,539
671,864,421
2,051,791,950
145,908,230
228,904,498
271,119,211
1,067,639,411
125,210,981
838,734,913
125,210,981
838,734,913
Primary Balance
(1,141,929,320)
(1,057,373,472)
4,788,496,418
(325,960,931)
282,934,342
(500,271,009)
4,788,496,418
(325,960,931)
1,120,153,530
735,719,926
4,505,562,075
174,310,078
246,162,630
152,877,009
3,385,408,545
(561,409,847)
510,377,482
(623,595,120)
3,139,245,915
(714,286,857)
129,369,104
(634,974,399)
2,628,868,433
(90,691,737)
567,726,151
(319,940,291)
2,499,499,329
544,282,662
553,843,357
242,512,814
1,931,773,178
864,222,953
1,377,929,821
621,710,139
1,377,929,821
621,710,139
Overall Balance
(2,238,875,979)
(2,493,895,785)
5,279,351,677
(1,092,705,998)
423,793,065
(517,970,984)
5,279,351,677
(1,092,705,998)
1,235,532,159
654,320,773
4,855,558,612
(574,735,014)
307,842,989
111,295,635
3,620,026,453
(1,229,055,788)
593,001,023
(838,488,380)
3,312,183,464
(1,340,351,422)
197,951,723
(706,005,912)
2,719,182,441
(501,863,042)
654,618,669
(428,147,794)
2,521,230,718
204,142,870
617,964,467
150,688,614
1,866,612,049
632,290,664
1,248,647,582
481,602,050
1,248,647,582
481,602,050
Memorandum Items:
Loan Repayment, Subscriptions to Multilateral Agencies & Transfers to Sovereign Development Fund
2,790,290,088
3,071,679,961
1,958,707,766
2,142,806,305
56,635,072
104,801,621
1,958,707,766
2,142,806,305
664,591,051
295,614,885
1,902,072,693
2,038,004,684
50,555,632
166,890,675
1,237,481,643
1,742,389,799
48,442,831
217,492,256
1,186,926,011
1,575,499,123
100,805,735
256,366,176
1,138,483,181
1,358,006,868
858,208,876
360,275,693
1,037,677,446
1,101,640,691
22,626,520
573,455,696
179,468,570
741,364,999
156,842,050
167,909,303
156,842,050
167,909,303
Total Revenue to GDP
27.8%
28.0%
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Total Expenditure to GDP
31.4%
32.1%
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Primary Balance to GDP
-1.6%
-1.4%
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Overall Balance to GDP
-3.1%
-3.2%
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Nominal GDP
71,676,779,188
77,439,379,656
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Detailed summary
In Maldivian Rufiyaa
2017
2018
2017
2018
Aug
Aug
Jan - Aug
Jan - Aug
TOTAL REVENUES & GRANTS
1,680,640,061
1,387,503,741
14,294,561,831
14,608,973,802
1,680,640,061
1,387,503,741
14,294,561,831
14,608,973,802
2,482,656,798
2,438,981,017
12,613,921,770
13,221,470,061
1,331,124,444
1,827,441,693
10,131,264,972
10,782,489,044
1,818,255,023
1,295,857,161
8,800,140,528
8,955,047,351
1,326,791,285
1,498,934,534
6,981,885,505
7,659,190,190
1,702,269,119
1,962,017,997
5,655,094,221
6,160,255,656
1,542,103,513
1,733,249,277
3,952,825,101
4,198,237,660
2,410,721,589
2,464,988,382
2,410,721,589
2,464,988,382
Tax Revenues
993,942,127
1,114,202,301
10,704,929,623
11,365,894,961
993,942,127
1,114,202,301
10,704,929,623
11,365,894,961
2,019,267,982
2,113,549,340
9,710,987,496
10,251,692,660
761,724,123
1,098,858,116
7,691,719,514
8,138,143,320
1,473,308,547
1,075,395,285
6,929,995,391
7,039,285,204
1,059,816,680
1,242,226,780
5,456,686,844
5,963,889,919
1,178,791,395
1,293,079,884
4,396,870,165
4,721,663,138
1,360,493,782
1,361,097,260
3,218,078,769
3,428,583,254
1,857,584,987
2,067,485,994
1,857,584,987
2,067,485,994
Non-Tax Revenues
593,753,896
263,537,681
3,378,717,955
3,242,203,419
593,753,896
263,537,681
3,378,717,955
3,242,203,419
458,350,185
316,005,611
2,784,964,060
2,978,665,739
494,776,042
721,243,052
2,326,613,875
2,662,660,128
335,107,445
220,617,206
1,831,837,833
1,941,417,076
250,102,739
260,517,031
1,496,730,388
1,720,799,870
518,008,638
674,080,264
1,246,627,649
1,460,282,839
164,321,144
340,657,337
728,619,011
786,202,575
564,297,867
445,545,238
564,297,867
445,545,238
Capital Receipts
3,182,989
7,965,273
20,066,257
25,907,983
3,182,989
7,965,273
20,066,257
25,907,983
1,796,522
3,840,187
16,883,268
17,942,709
1,222,888
4,135,448
15,086,746
14,102,522
1,646,724
2,863,951
13,863,858
9,967,074
5,339,870
3,539,252
12,217,134
7,103,123
4,448,605
1,083,897
6,877,263
3,563,871
1,149,837
437,197
2,428,658
2,479,974
1,278,821
2,042,776
1,278,821
2,042,776
Grants
94,470,987
1,875,611
264,038,656
53,375,201
94,470,987
1,875,611
264,038,656
53,375,201
16,526,185
5,830,526
169,567,670
51,499,590
75,070,487
6,485,508
153,041,484
45,669,064
14,147,904
1,488,106
77,970,997
39,183,556
20,048,271
(1,103,420)
63,823,093
37,695,450
12,971,170
3,452,783
43,774,822
38,798,870
20,009,055
35,247,371
30,803,652
35,346,086
10,794,596
98,716
10,794,596
98,716
(-) Subsidiary Loan Repayment
(4,709,937)
(77,125)
(73,190,661)
(78,407,762)
(4,709,937)
(77,125)
(73,190,661)
(78,407,762)
(13,284,077)
(244,647)
(68,480,724)
(78,330,637)
(1,669,096)
(3,280,432)
(55,196,647)
(78,085,990)
(5,955,597)
(4,507,387)
(53,527,551)
(74,805,558)
(8,516,275)
(6,245,110)
(47,571,954)
(70,298,171)
(11,950,689)
(9,678,831)
(39,055,678)
(64,053,061)
(3,870,306)
(4,189,888)
(27,104,989)
(54,374,230)
(23,234,683)
(50,184,342)
(23,234,683)
(50,184,342)
TOTAL BUDGET
1,454,340,791
2,010,276,346
11,739,963,648
17,842,159,229
1,454,340,791
2,010,276,346
11,739,963,648
17,842,159,229
2,027,094,318
2,077,948,253
10,285,622,857
15,831,882,883
1,135,517,446
1,883,036,734
8,258,528,539
13,753,934,630
1,356,320,371
2,351,837,796
7,123,011,093
11,870,897,897
1,298,227,915
2,461,306,622
5,766,690,721
9,519,060,100
1,992,751,844
2,750,441,483
4,468,462,806
7,057,753,478
1,156,794,906
2,156,016,360
2,475,710,962
4,307,311,995
1,318,916,057
2,151,295,635
1,318,916,057
2,151,295,635
TOTAL EXPENDITURE (C+D)
1,397,705,719
1,905,474,725
9,635,347,652
15,701,679,800
1,397,705,719
1,905,474,725
9,635,347,652
15,701,679,800
1,362,503,267
1,784,660,244
8,237,641,933
13,796,205,075
1,084,961,814
1,716,146,058
6,875,138,666
12,011,544,832
1,307,877,541
2,134,345,541
5,790,176,852
10,295,398,773
1,197,422,180
2,204,940,446
4,482,299,311
8,161,053,233
1,134,542,968
2,390,165,791
3,284,877,131
5,956,112,787
988,260,156
1,582,560,663
2,150,334,162
3,565,946,996
1,162,074,006
1,983,386,332
1,162,074,006
1,983,386,332
RECURRENT EXPENDITURE
704,389,053
1,401,351,884
6,097,688,585
11,171,639,366
704,389,053
1,401,351,884
6,097,688,585
11,171,639,366
726,457,177
1,516,384,525
5,393,299,532
9,770,287,482
691,761,046
1,338,296,686
4,666,842,355
8,253,902,958
790,801,827
1,657,744,192
3,975,081,309
6,915,606,272
702,489,459
1,353,541,243
3,184,279,482
5,257,862,080
707,356,918
1,406,013,252
2,481,790,023
3,904,320,837
737,570,079
1,353,656,165
1,774,433,104
2,498,307,585
1,036,863,025
1,144,651,419
1,036,863,025
1,144,651,419
Salaries, Wages & Pensions
335,227,078
761,007,009
335,227,078
6,083,107,564
335,227,078
761,007,009
3,077,890,779
6,083,107,564
343,452,201
776,581,395
2,742,663,701
5,322,100,555
331,750,280
760,309,859
2,399,211,500
4,545,519,160
330,689,941
863,602,094
2,067,461,220
3,785,209,301
333,943,368
737,406,675
1,736,771,279
2,921,607,206
337,262,548
758,270,417
1,402,827,911
2,184,200,532
354,579,143
713,500,729
1,065,565,363
1,425,930,115
710,986,220
712,429,385
710,986,220
712,429,385
Administrative & Operational Expenses
12,716,696
617,473,666
12,716,696
4,991,762,548
12,716,696
617,473,666
410,041,516
4,991,762,548
16,917,125
723,238,156
397,324,820
4,374,288,882
7,795,422
529,702,277
380,407,695
3,651,050,726
10,166,408
791,400,524
372,612,274
3,121,348,448
20,202,558
611,595,050
362,445,866
2,329,947,925
11,219,309
646,632,607
342,243,308
1,718,352,875
6,084,632
639,656,737
331,024,000
1,071,720,268
324,939,368
432,063,532
324,939,368
432,063,532
Losses & Write-offs
16,477,045
22,871,209
16,477,045
96,769,254
16,477,045
22,871,209
40,804,992
96,769,254
21,554,773
16,564,974
24,327,946
73,898,045
899,404
48,284,549
2,773,173
57,333,072
397,065
2,741,574
1,873,770
9,048,523
427,435
4,539,519
1,476,705
6,306,949
43,173
1,110,228
1,049,270
1,767,430
68,660
498,699
1,006,097
657,202
937,437
158,502
937,437
158,502
CAPITAL EXPENDITURE
753,048,727
504,122,841
4,365,294,435
4,530,040,434
753,048,727
504,122,841
4,365,294,435
4,530,040,434
804,671,770
268,275,719
3,612,245,708
4,025,917,593
510,776,886
377,849,373
2,807,573,938
3,757,641,874
285,394,394
476,601,348
2,296,797,052
3,379,792,501
660,077,449
851,399,203
2,011,402,658
2,903,191,153
400,745,210
984,152,539
1,351,325,210
2,051,791,950
145,908,230
228,904,498
950,580,000
1,067,639,411
804,671,770
838,734,913
804,671,770
838,734,913
Capital Equipments
62,304,522
32,556,272
62,304,522
221,895,238
62,304,522
32,556,272
212,303,117
221,895,238
39,970,993
22,954,979
149,998,595
189,338,966
11,808,251
47,165,031
110,027,602
166,383,986
31,383,614
36,359,574
98,219,351
119,218,955
20,374,239
10,414,206
66,835,738
82,859,381
4,993,401
2,521,985
46,461,499
72,445,175
1,497,105
8,150,134
41,468,098
69,923,190
39,970,993
61,773,057
39,970,993
61,773,057
Public Sector Investment Program
525,836,997
389,007,260
525,836,997
3,675,865,052
525,836,997
389,007,260
3,699,417,297
3,675,865,052
717,407,906
203,008,034
3,173,580,300
3,286,857,792
469,439,766
298,305,840
2,456,172,394
3,083,849,757
249,705,795
335,203,217
1,986,732,628
2,785,543,917
536,442,940
709,639,529
1,737,026,833
2,450,340,699
390,373,287
862,354,470
1,200,583,893
1,740,701,171
92,802,700
143,045,416
810,210,606
878,346,700
717,407,906
735,301,284
717,407,906
735,301,284
Development Projects & Investment Outlays
139,907,207
13,172,271
139,907,207
345,337,533
139,907,207
13,172,271
426,574,021
345,337,533
47,292,871
42,312,705
286,666,814
332,165,262
29,528,870
17,432,860
239,373,943
289,852,557
4,304,986
49,085,357
209,845,073
272,419,697
103,260,270
109,345,468
205,540,087
223,334,340
3,378,522
43,871,351
102,279,818
113,988,871
51,608,425
37,708,948
98,901,296
70,117,520
47,292,871
32,408,572
47,292,871
32,408,572
Lendings
25,000,000
69,387,038
25,000,000
286,942,612
25,000,000
69,387,038
27,000,000
286,942,612
-
-
2,000,000
217,555,574
-
14,945,641
2,000,000
217,555,574
-
55,953,200
2,000,000
202,609,933
-
22,000,000
2,000,000
146,656,733
2,000,000
75,404,733
2,000,000
124,656,733
-
40,000,000
-
49,252,000
-
9,252,000
-
9,252,000
Budget Contingency
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
PRIMARY BALANCE - SURPLUS / (DEFICIT) (F+G)
282,934,342
(500,271,009)
3,841,426,985
(325,960,931)
282,934,342
(500,271,009)
3,841,426,985
(325,960,931)
1,120,153,530
735,719,926
3,558,492,643
174,310,078
246,162,630
152,877,009
2,438,339,112
(561,409,847)
510,377,482
(623,595,120)
2,192,176,483
(714,286,857)
129,369,104
(634,974,399)
1,681,799,001
(90,691,737)
567,726,151
(319,940,291)
1,552,429,897
544,282,662
553,843,357
242,512,814
984,703,745
864,222,953
430,860,389
621,710,139
430,860,389
621,710,139
OVERALL BALANCE - SURPLUS / (DEFICIT) (A-B)
423,793,065
(517,970,984)
4,346,185,855
(1,092,705,998)
423,793,065
(517,970,984)
4,346,185,855
(1,092,705,998)
1,235,532,159
654,320,773
3,922,392,790
(574,735,014)
307,842,989
111,295,635
2,686,860,631
(1,229,055,788)
593,001,023
(838,488,380)
2,379,017,643
(1,340,351,422)
197,951,723
(706,005,912)
1,786,016,620
(501,863,042)
654,618,669
(428,147,794)
1,588,064,896
204,142,870
617,964,467
150,688,614
933,446,228
632,290,664
315,481,761
481,602,050
315,481,761
481,602,050
Financing & Interest Costs
140,858,723
17,699,975
735,516,126
766,745,067
140,858,723
17,699,975
735,516,126
766,745,067
115,378,628
81,399,152
594,657,404
749,045,093
61,680,359
41,581,375
479,278,775
667,645,940
82,623,541
214,893,260
417,598,417
626,064,566
68,582,619
71,031,513
334,974,875
411,171,306
86,892,518
108,207,503
266,392,256
340,139,792
64,121,110
91,824,200
179,499,739
231,932,289
115,378,628
140,108,089
115,378,628
140,108,089
Memorandum Items:
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Loan Repayment
56,635,072
34,428,373
1,913,996,015
1,171,908,529
56,635,072
34,428,373
1,913,996,015
1,171,908,529
620,980,723
173,887,064
1,857,360,943
1,137,480,156
50,555,632
40,462,560
1,236,380,220
963,593,092
48,442,831
62,940,982
1,185,824,588
923,130,532
100,805,735
116,279,497
1,137,381,757
860,189,550
858,208,876
197,683,876
1,036,576,023
743,910,053
22,626,520
424,763,133
178,367,147
546,226,177
155,740,627
121,463,044
155,740,627
121,463,044
Subscription to Multilateral Agencies
-
-
44,711,751
8,120,809
-
-
44,711,751
8,120,809
43,610,328
1,163,438
44,711,751
8,120,809
-
-
1,101,423
6,957,371
-
-
1,101,423
6,957,371
-
6,957,371
1,101,423
6,957,371
-
-
1,101,423
-
-
-
1,101,423
-
1,101,423
-
1,101,423
-
Transfers to Sovereign Development Fund
-
70,373,248
-
962,776,967
-
70,373,248
-
962,776,967
-
120,564,383
-
892,403,719
-
126,428,116
-
771,839,336
-
154,551,273
-
645,411,220
-
133,129,309
-
490,859,947
-
162,591,816
-
357,730,638
-
148,692,564
-
195,138,822
-
46,446,258
-
46,446,258