Table 6.2 Central Government Revenue and Grants, 2018 - 2024 1/
(Millions of MVR)
Period Total revenue & grants
Tax revenue Nontax revenue Capital revenue Grants
GST on tourism Import duty Goods & services tax Airport service charge Bank profit tax Business profit tax 3/ Green Tax Income tax Others Net sales to public enterprises Resort lease rent Others
(2+12+16+17) (3 to 11) (13 to 15)
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17)
2018
22,223.0
15,833.9
4,783.3
3,148.8
2,906.1
644.8
564.1
2,710.4
810.5
-
265.8
5,203.1
960.4
1,526.0
2,716.7
366.2
819.8
2019
23,231.9
16,530.5
4,903.4
3,412.3
2,844.9
731.1
614.0
2,898.7
850.6
-
275.5
5,491.1
773.7
1,654.2
3,063.2
55.4
1,154.9
2020
15,221.9
10,959.2
2,220.2
2,263.6
2,086.6
283.3
953.7
2,617.6
351.8
83.2
99.2
3,289.1
592.3
700.7
1,996.2
15.6
958.0
2021
21,353.4
14,681.6
5,247.7
2,843.0
2,485.6
473.4
675.1
1,847.0
802.1
217.1
90.6
5,596.7
487.8
2,072.3
3,036.6
43.3
1,031.8
2022
29,034.5
19,528.5
6,597.1
3,497.2
3,184.1
830.6
901.3
3,090.2
973.0
315.9
139.2
8,287.6
736.5
1,893.6
5,657.5
176.7
1,041.7
2023 2/
34,151.3
24,073.2
8,742.1
3,480.3
4,497.2
988.0
967.7
3,874.3
999.1
358.6
165.9
8,707.6
740.3
1,764.6
6,202.7
360.3
1,010.1
2024 2/
34,142.3
25,675.8
9,043.1
3,518.4
4,787.1
1,080.5
1,451.4
4,189.4
1,036.5
390.8
178.6
6,659.1
727.3
1,850.9
4,080.9
345.8
1,461.7
Period y/y % change
Total revenue & grants Tax revenue GST on tourism Import duty Goods & services tax Airport service charge Bank profit tax Business profit tax Green Tax Income tax Others Nontax revenue Net sales to public enterprises Resort lease rent Capital revenue Grants
(18) (19) (20) (21) (22) (23) (24) (25) (26) (27) (28) (29) (30) (31) (32) (33) (34)
2018
9.7
7.4
13.9
12.5
8.3
-8.7
-13.2
1.2
16.4
na
-20.0
13.2
20.6
2.5
17.6
-36.6
138.5
2019
4.5
4.4
2.5
8.4
-2.1
13.4
8.8
6.9
4.9
na
3.7
5.5
-19.4
8.4
12.8
-84.9
40.9
2020
-34.5
-33.7
-54.7
-33.7
-26.7
-61.2
55.3
-9.7
-58.6
na
-64.0
-40.1
-23.4
-57.6
-34.8
-71.9
-17.0
2021
40.3
34.0
136.4
25.6
19.1
67.1
-29.2
-29.4
128.0
161.0
-8.7
70.2
-17.6
195.8
52.1
178.1
7.7
2022
36.0
33.0
25.7
23.0
28.1
75.4
33.5
67.3
21.3
45.5
53.7
48.1
51.0
-8.6
86.3
308.0
1.0
2023 2/
17.6
23.3
32.5
-0.5
41.2
19.0
7.4
25.4
2.7
13.5
19.2
5.1
0.5
-6.8
9.6
103.9
-3.0
2024 2/
-0.0
6.7
3.4
1.1
6.4
9.4
50.0
8.1
3.7
9.0
7.6
-23.5
-1.8
4.9
-34.2
-4.0
44.7
Source: Ministry of Finance and Planning
1/Format based on IMF Government Finance Statistics Manual (GFSM 1986). The table is compiled based on data published by the Ministry of Finance and Planning in the Government Finance Statistics publication.
2/Figures for 2023 are actuals and figures for 2024 are revised estimates as per the proposed government budget for 2025 on 31 October 2024.
3/This includes revenue from non-resident withholding tax.