Table 6.1 Summary of Central Government Finance, 2020 - 2026 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 4/
(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)
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
-10.5
-6,547.0
490.6
13,621.3
5,550.9
8,070.5
2024
35,085.3
33,971.0
461.7
652.6
45,870.9
34,870.9
11,000.0
na
-10,785.6
-10.0
-6,117.0
-899.9
15,107.0
5,969.9
9,137.2
2025 2/
37,875.0
37,342.2
132.3
400.4
44,285.5
37,236.0
7,049.5
na
-6,410.6
-5.4
-1,549.4
106.2
20,755.9
12,013.6
8,742.3
2026 2/
40,374.5
39,999.4
1.6
373.6
49,214.4
39,930.1
9,284.4
na
-8,839.9
-7.1
-3,282.6
69.4
26,257.4
16,812.2
9,445.2
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)
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
2.7
3.6
28.1
-35.4
2.2
8.0
-12.7
na
-0.4
6.6
-283.4
10.9
7.5
13.2
2025 2/
8.0
9.9
-71.3
-38.6
-3.5
6.8
-35.9
na
40.6
74.7
111.8
37.4
101.2
-4.3
2026 2/
6.6
7.1
-98.8
-6.7
11.1
7.2
31.7
na
-37.9
-111.9
-34.7
26.5
39.9
8.0
Source: Ministry of Finance and Public Enterprises
1/Format is based on the IMF Government Finance Statistics Manual (GFSM 1986).Figures prior to 2022 were compiled using annual data published by the Ministry of Finance and Public Enterprises in the Government Finance Statistics publication. Figures from 2022 to 2026 are compiled from Maldives National Budget tables. The table will be updated in accordance with the IMF Government Finance Statistics Manual 2014 once updated data is received from the Ministry of Finance and Public Enterprises.
2/Figures for 2024 are actuals, figures for 2025 are revised estimates and figures for 2026 are projections as per the approved government budget for 2026.
3/This refers to sale of assets: includes fixed assets and sale of land & transfer of land fee.
4/Overall balance as a percentage of GDP has been calculated using Nominal GDP for the year. Figures for overall balance as a % of GDP have been revised as per the annual GDP published by the Maldives Bureau of Statistics on 01 September 2026. Figures for 2026 have been calculated using Nominal GDP projections available as of 29 October 2025, forecasted by the Maldives Monetary Authority and the Ministry of Finance and Public Enterprises.
Note: Public and publicly guaranteed debt of central government will be available in table 6.5.