Maldives’ Revenue Reaches MVR 27.1 Billion, Marking 10.4% Growth 

The Maldives has recorded strong growth in state revenue and grants, with collections reaching MVR 27.1 billion as of August 13, 2026, according to the latest Weekly Fiscal Development Report published by the Ministry of Finance and Public Enterprises.

Revenue and grants have increased by MVR 2.6 billion, or 10.4 percent, compared with the MVR 24.6 billion collected during the same period last year. The growth was supported primarily by increased collections from Tourism Goods and Services Tax (TGST), reflecting continued activity in the tourism sector.

TGST revenue reached MVR 7.2 billion, representing a 6.6 percent increase from MVR 6.8 billion collected by August 13, 2025. Overall Goods and Services Tax (GST) revenue also grew by 7.9 percent to MVR 10.7 billion, while General Goods and Services Tax (GGST) increased by 10.8 percent to MVR 3.5 billion.

Tax revenue remained the main contributor to government income, reaching MVR 21.1 billion, an 11.9 percent increase from MVR 18.8 billion last year.

Business Profit Tax recorded particularly strong growth, rising 20.6 percent to MVR 5.4 billion, while Import Duty increased 16.4 percent to MVR 2.1 billion. Revenue from Airport Service Charge and Departure Tax also grew by 14.3 percent, while Green Tax collections increased by 6.3 percent.

Non-tax revenue reached MVR 5.6 billion, up 1.9 percent compared with last year. Revenue from property and assets recorded a 32.1 percent increase, reaching MVR 1.7 billion, including MVR 1.2 billion collected from resort rents.

Airport Development Fee collections also increased by 15.4 percent, while grants received by the government rose sharply by 90.1 percent to MVR 460.4 million.

The latest figures point to continued growth in government revenue, supported by tourism-related income, stronger tax collections and increased non-tax revenue.