Under the visionary leadership of President Dr. Mohamed Muizzu, the Maldives has achieved a remarkable fiscal surplus of MVR 628 million in the first half of 2025, signaling the success of the administration’s sound economic policies and unwavering commitment to national development.
According to the latest weekly fiscal report from the Ministry of Finance and Planning, total revenue and grants from 1 January to 26 June 2025 reached an impressive MVR 18.6 billion, surpassing cumulative expenditure of MVR 17.9 billion. This surplus stands as a testament to President Muizzu’s strong fiscal discipline and strategic governance.
A significant boost in revenue was driven by land acquisition and conversion fees, highlighting the administration’s efforts to foster investment and unlock economic opportunities. Tax revenue alone accounted for MVR 14.2 billion, with the thriving tourism sector, particularly the Tourism Goods and Services Tax, playing a pivotal role in fueling growth.
On the spending front, salaries and wages were prioritized, reflecting President Muizzu’s dedication to uplifting public servants and ensuring efficient delivery of essential services. Recurrent expenditure stood at MVR 16 billion, while capital expenditure was nearly MVR 2 billion — much of it directed towards transformative infrastructure projects, healthcare development, and educational advancements, all key pillars of President Muizzu’s ambitious national agenda.
Key government institutions, including the Ministry of Education, National Social Protection Agency, and Maldives Police Services, showcased exceptional budget utilization, ensuring that public funds are effectively channeled to programs that directly benefit citizens.
This historic surplus underscores President Muizzu’s proactive approach to economic resilience and long-term prosperity. Through robust revenue generation, targeted investments, and prudent financial management, his administration has reinforced public confidence and set a strong foundation for continued growth and stability.
As the Maldives navigates global challenges, President Muizzu’s leadership stands as a beacon of hope and progress, guiding the nation towards a brighter and more secure future.
