The government received a total of USD 2.24 billion in revenue and grants by 29 October, marking a 5.3 percent increase compared with the same period last year.
According to the weekly fiscal report published by the Ministry of Finance and Public Enterprises, total revenue and grants reached USD 2.24 billion by 29 October, up from USD 2.13 billion recorded during the corresponding period in 2025.
The increase was primarily driven by higher tax revenue. Tax collections rose by 9.1 per cent to USD 1.73 billion, compared with USD 1.59 billion during the same period last year.
Tourism-related taxes, which account for the largest share of government revenue, increased by five per cent, rising from USD 575.88 million in 2025 to USD 604.41 million this year. The tourism sector continued to provide a steady stream of revenue, with Tourism Goods and Services Tax (TGST) also recording the highest revenue collection among individual sources during the past week.
Among other revenue sources, taxes on goods and services increased by 23.7 percent to USD 393.64 million. Import duties rose by 12.3 percent to USD 188.07 million, while general Goods and Services Tax (GST) collections amounted to USD 300.26 million. Green tax revenue also increased by 2.3 percent to USD 121.92 million.
Non-tax revenue from property increased by 28.2 percent to USD 147.21 million, largely due to higher rental income from resorts. Although the government received USD 34.37 million in grants, total non-tax revenue declined by 8.8 per cent.
Government expenditure stood at USD 2.53 billion by 29 October, representing a 16.2 percent increase compared with the same period last year.
Of the total expenditure, recurrent spending rose by 16.9 percent to USD 2.18 billion, while capital expenditure increased by 12 percent to USD 343.71 million.
Spending on employee salaries and allowances increased by 14.7 percent to USD 398.83 million, while administrative and operational expenses accounted for USD 1.32 billion.
Capital expenditure on infrastructure assets, including land and buildings, rose by 10.4 percent to USD 300.26 million. Spending on land and buildings increased by 35.4 percent, while expenditure on airports and harbours also recorded a 20.1 percent increase.
Among other significant recurrent expenses, spending on assistance and subsidies rose by 34.9 per cent to USD 701.04 million. This included USD 279.51 million in subsidies and USD 127.11 million in Aasandha health insurance expenditure.
A total of USD 134.89 million was also disbursed to local councils in the form of grants.
By 29 October, the government's overall budget balance stood at a deficit of USD 289.88 million, while the primary balance recorded a deficit of USD 21.40 million.