The Ministry of Finance has disclosed that the state received USD 802.2 million in revenue during the first four months of this year, marking a significant 4.2% increase compared to the same period last year.
This revenue breakdown comprises USD 660 million in tax revenue, USD 129.4 million in non-tax revenue, and USD 5 million in aid to administration.
Tax revenue is primarily derived from Import Duty, Business and Property Tax (BPT), and Goods and Service Tax (GST), with figures as follows:
- Import Duty: USD 60.3 million
- BPT: USD 168.2 million
- GST: USD 375.2 million
- Green Tax: USD 27 million
- Airport Service Charge and Departure Tax: USD 25.1 million
Moreover, financial data indicates that the current administration has notably reduced overall expenses compared to the previous year.
Total government expenditures for the first four months of this year stand at USD 925.1 million, a significant decrease from last year's USD 1.04 billion. This includes USD 724.6 million in recurrent expenses and USD 194.1 million in capital expenditure. Recurrent expenses prominently consist of USD 284.7 million in salaries and allowances and USD 433.4 million in administrative expenses, while capital expenditures primarily involve infrastructural development projects.