State Revenue
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BusinessFisheries revenue plummets as purchases collapse by 60 percent
Fisheries revenue has plummeted as fish purchases dropped by 60% in the first half of the year. Skipjack tuna saw the sharpest decline, falling over 65%, leading to a significant loss in export earnings. If this trend continues, annual revenue is projected to fall nearly 45% compared to last year.
BusinessRevenue growth slows due to decline in tourist arrivals
State revenue growth slowed in April as tourist arrivals declined due to regional conflict, with MIRA collecting MVR 2.62 billion. Despite this monthly dip, total annual revenue remains MVR 2.1 billion higher than last year. Officials have revised forecasts downward but hope for a recovery following the current off-peak season.
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Nasheed warns on spending amid revenue drop
Business
Budget surplus at MVR 2 billion in first ten weeks
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Fiscal report published after a two-month hiatus
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MVR 1 billion deficit after 40 weeks of surplus
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MVR 1.2 billion spent on salaries and allowances in a month
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Budget surplus drops below MVR 200 million
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No fiscal reports for one month as finance minister tours atolls
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Dollar revenue exceeds 1 billion, but black market rate at MVR 20
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Ministries not working to recover money owed to the state
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Spending on salaries, allowances increase by MVR 400 million
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Salary expenditure increase, import duty revenue remain low
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"Decline in import duty revenue is not due to FTA with China"
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IMF calls for urgent cost-cutting measures
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Aim is to reduce government debt: Muizzu
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Resort rent revenue in 2024 lower than the forecast
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USD 20 million raised from resort lease extensions
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Usable reserves grow with bank investments after currency swap
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