The Government has received an income of MVR 9.9 billion so far this but its expenses continue to exceed revenue amid the COVID-19 pandemic. Finance Ministry statistics show that the government has spent around MVR 17.8 billion this year and this is MVR 7.8 billion more than its income this year.
The government recorded most of its income from BPT, TGST and GGST submitted this year while it had spent most on salaries and frontline allowances given to those working against the COVID-19 pandemic.
The statistics showed that out of the MVR 17.8 billion generated as income, MVR 1.6 billion were non-tax income while the government received MVR 5.8 million as capital receipt and MVR 571.2 million as an aid.
The government had spent MVR 6.6 billion on pensions, allowances, and salaries so far this year and has spent MVR 5.5 billion as administrative expenditure. It had also paid MVR 92.6 as damages while it has spent MVR 4.6 billion on asset and infrastructure development and paid MVR 930 million as loan repayments.
The Finance Ministry statistics show that in the week from 13th to 17th September, the government generated MVR 1.8 billion as income but its expenditure reached MVR 1.9 billion and hence recorded MVR 104 million as a loss.
