Table 6.1 Summary of Central Government Finance, 2019 - 2025 1/
(Millions of MVR)
Period Total revenue & grants Total expenditure Net lending Deficit / Surplus Financing
Current revenue Capital revenue 3/ Grants Current expenditure Capital expenditure Overall balance Primary balance Current balance Foreign financing Domestic financing
In % of GDP
(2+3+4) (6+7) (1-5) (2-6) (14+15)
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15)
2019
23,231.9
22,021.6
55.4
1,154.9
28,994.7
21,372.0
7,622.8
-75.2
-5,762.9
-6.5
-4,222.1
649.6
5,762.9
936.1
4,826.8
2020
15,221.9
14,248.3
15.6
958.0
28,753.5
20,307.4
8,446.1
-175.3
-13,531.6
-23.7
-11,927.8
-6,059.1
13,531.6
2,504.1
11,027.6
2021
21,353.4
20,278.3
43.3
1,031.8
32,859.4
24,036.5
8,822.9
0.7
-11,506.0
-14.2
-9,401.5
-3,758.2
11,506.0
5,182.1
6,323.8
2022
29,034.5
27,816.1
176.7
1,041.7
40,059.9
28,090.8
11,969.1
na
-11,025.5
-11.6
-7,573.0
-274.7
11,025.5
2,546.2
8,479.3
2023
34,151.3
32,780.9
360.3
1,010.1
44,893.6
32,290.3
12,603.3
na
-10,742.3
-10.6
-6,547.0
490.6
13,621.3
5,550.9
8,070.5
2024 2/
34,142.3
32,334.8
345.8
1,461.7
47,760.0
36,128.0
11,632.0
na
-13,617.7
-12.5
-8,431.2
-3,793.2
13,617.7
7,900.0
5,717.7
2025 2/
39,790.0
37,199.2
2.4
2,588.3
49,178.5
36,621.7
12,556.8
na
-9,388.6
-7.8
-3,838.4
577.5
9,388.6
9,120.8
267.7
Period y/y % change
Total revenue & grants Current revenue Capital revenue Grants Total expenditure Current expenditure Capital expenditure Net lending Deficit / Surplus Financing Foreign financing Domestic financing
Overall balance Primary balance Current balance
(19) (20) (21) (22) (23) (24) (25) (26) (27) (28) (29) (30) (31) (32)
2019
4.5
4.7
-84.9
40.9
9.3
17.0
-7.7
27.4
-34.0
-47.7
-76.5
34.0
-83.6
441.6
2020
-34.5
-35.3
-71.9
-17.0
-0.8
-5.0
10.8
-133.1
-134.8
-182.5
-1,032.7
134.8
167.5
128.5
2021
40.3
42.3
178.1
7.7
14.3
18.4
4.5
100.4
15.0
21.2
38.0
-15.0
106.9
-42.7
2022
36.0
37.2
308.0
1.0
21.9
16.9
35.7
na
4.2
19.4
92.7
-4.2
-50.9
34.1
2023
17.6
17.8
103.9
-3.0
12.1
14.9
5.3
na
2.6
13.5
278.6
23.5
118.0
-4.8
2024 2/
-0.0
-1.4
-4.0
44.7
6.4
11.9
-7.7
na
-26.8
-28.8
-873.2
-0.0
42.3
-29.2
2025 2/
16.5
15.0
-99.3
77.1
3.0
1.4
8.0
na
31.1
54.5
115.2
-31.1
15.5
-95.3
Source: Ministry of Finance and Planning
1/Format based on IMF Government Finance Statistics Manual (GFSM 1986). The table is compiled based on annual data published by the Ministry of Finance and Planning in the Government Finance Statistics publication.
2/Figures for 2023 are actuals, figures for 2024 are revised estimates and figures for 2025 are projections as per the approved government budget for 2025.
3/This refers to sale of assets: includes fixed assets and sale of land & transfer of land fee.
Note: Public and publicly guaranteed debt of central government will be available in table 6.5.