Table 6.2 Central Government Revenue and Grants, 2020 - 2026 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)
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
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
35,085.3
26,390.8
9,530.4
3,453.3
5,031.4
1,138.3
1,470.3
4,093.8
1,080.7
395.3
197.2
7,580.2
736.7
1,883.5
4,959.9
461.7
652.6
2025 2/
37,875.0
28,594.6
10,744.4
2,954.2
5,356.3
1,899.0
734.8
3,964.6
2,206.8
451.3
283.1
8,747.7
648.9
1,958.2
6,140.6
132.3
400.4
2026 2/
40,374.5
31,297.1
11,473.2
3,127.7
5,622.2
2,275.3
1,242.5
4,426.1
2,395.4
472.2
262.6
8,702.3
627.3
2,034.6
6,040.4
1.6
373.6
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)
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
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
2.7
9.6
9.0
-0.8
11.9
15.2
51.9
5.7
8.2
10.2
18.9
-12.9
-0.5
6.7
-20.0
28.1
-35.4
2025 2/
8.0
8.4
12.7
-14.5
6.5
66.8
-50.0
-3.2
104.2
14.2
43.6
15.4
-11.9
4.0
23.8
-71.3
-38.6
2026 2/
6.6
9.5
6.8
5.9
5.0
19.8
69.1
11.6
8.5
4.6
-7.3
-0.5
-3.3
3.9
-1.6
-98.8
-6.7
Source: Ministry of Finance and Planning
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 Planning 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 Planning.
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 includes revenue from non-resident withholding tax.