The Maldives reports a budget surplus this year, with state revenue surpassing spending, as the Administration's economic reform plan takes effect.
According to the Ministry of Finance and Planning's Weekly Fiscal Development Report, state revenue for the year up to March 13 reached USD 505.8 million, with expenditure at USD 421.5 million. This marks a 5.4% increase from USD 479.9 million in revenue during the same period last year.
For the first ten weeks of 2025, tax revenue totaled USD 408.5 million, non-tax revenue USD 97.3 million, and grants amounted to USD 2.8 million. Expenditure during this period was 16% lower than last year’s USD 505.8 million.
The largest portion of government spending, USD 395.6 million, went to recurrent expenditure, while capital expenditure stood at USD 27.8 million.
The increase in revenue over expenditure reflects the government's ongoing economic reforms and austerity measures aimed at improving the country’s financial position.