Deficit of MVR422 mn reported in 2018 first half
The report shows MVR11 billion was spent while MVR10.6 billion was earned by the state.
06 Aug 2018, 9:00 AM
The Maldives Finance Ministry reported a deficit of MVR422 million (US$27.34 million) in the first half of 2018.
Figures published last Wednesday show MVR11 billion was spent while MVR10.6 billion was earned by the state during that period.
Recurring expenses, including MVR2 billion for salaries and MVR1.7 billion for employee allowances, accounted for MVR8.2 billion of expenditure.
The majority of the MVR2.8 billion spent on capital expenses was allocated to the Public Sector Investment Programme. A total of MVR1.5 billion went on infrastructure including roads, bridges and airports.
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