Budget 2023 Summary
Proposed Budget
Budget Summary
In rufiyaa
    • Maldivian rufiyaa
    • US dollar
    • No scaling
    • Thousands
    • Millions
    • Billions
2021
2022
2023
2024
2025
Actual
Revised
Budgeted
Budgeted
Budgeted
Total Revenues & Grants
21,353,432,263
26,361,093,764
32,098,303,043
34,449,261,322
35,254,895,856
Total Revenues
20,394,090,064
25,758,310,376
29,628,882,560
31,978,184,963
34,842,722,011
Revenues of Govt. Offices
19,361,554,109
24,909,871,836
28,686,876,517
30,966,628,013
33,678,209,188
Trust Fund Revenues
1,043,991,072
1,149,084,560
1,216,629,744
1,347,159,512
1,495,174,941
(-) Subsidiary Loan Repayment
(11,455,117)
(300,646,020)
(274,623,701)
(335,602,562)
(330,662,118)
Total Grants
959,342,199
602,783,388
2,469,420,483
2,471,076,359
412,173,845
Cash Grants
125,269,144
81,977,135
1,562,097,896
1,562,098,594
20,099,298
Project Grants
834,073,055
520,806,253
907,322,587
908,977,765
392,074,547
Total Expenditure
32,859,391,652
39,992,198,915
40,557,750,316
44,042,694,651
40,525,522,983
Total Budget
37,145,084,501
42,847,161,850
42,680,269,914
46,667,424,023
45,365,005,703
Regular Budget
33,973,710,769
38,029,670,284
36,896,087,978
40,251,294,831
42,008,871,999
Trust Fund Expenditures
861,031,196
878,058,920
671,309,957
737,200,339
450,263,427
Cash Grant Expenditures
131,437,399
14,890,512
36,537,951
13,355,191
13,355,191
Project Grant Expenditures
819,332,644
521,502,853
907,322,587
908,977,765
392,074,547
Loan Expenditures
1,359,572,493
3,403,039,281
4,132,115,353
4,716,344,602
2,458,431,667
Political Party Contribution 0.1 %
-
-
36,896,088
40,251,295
42,008,872
Less: Loan Repayments, Contributions to International FInancial Institutions and long term investments
(4,285,692,849)
(2,854,962,935)
(2,122,519,598)
(2,624,729,372)
(4,839,482,720)
Loan Repayment (Domestic)
(199,982,303)
(314,176,418)
(339,147,496)
(704,436,689)
(703,294,005)
Loan Repayment (Foreign)
(3,847,803,498)
(2,440,569,679)
(1,761,945,000)
(1,910,516,000)
(4,133,324,000)
Contribution to International Financial Institutions
(12,185,377)
(25,216,838)
(21,427,102)
(9,776,683)
(2,864,715)
Long Term Investments
(225,721,671)
(75,000,000)
-
-
-
Overall Balance (Deficit) / Surplus
(11,505,959,389)
(13,631,105,151)
(8,459,447,273)
(9,593,433,329)
(5,270,627,127)
Total Revenues & Grants
21,353,432,263
26,361,093,764
32,098,303,043
34,449,261,322
35,254,895,856
Less: Total Expenditure
32,859,391,652
39,992,198,915
40,557,750,316
44,042,694,651
40,525,522,983
Primary Balance (Deficit) / Surplus
(9,401,493,847)
(10,396,662,358)
(5,022,598,936)
(5,765,164,364)
(1,189,203,214)
Overall Balance (Deficit) / Surplus
(11,505,959,389)
(13,631,105,151)
(8,459,447,273)
(9,593,433,329)
(5,270,627,127)
Total Revenues & Grants
21,353,432,263
26,361,093,764
32,098,303,043
34,449,261,322
35,254,895,856
Less: Total Expenditure
32,859,391,652
39,992,198,915
40,557,750,316
44,042,694,651
40,525,522,983
Interest Payment
(2,104,465,542)
(3,234,442,793)
(3,436,848,337)
(3,828,268,965)
(4,081,423,913)
Total Financing
11,505,959,389
13,631,105,151
8,459,447,273
9,593,433,329
5,270,627,127
Foreign Financing
5,182,139,512
2,504,469,602
4,683,170,353
3,576,828,602
(903,892,333)
Loan
1,317,739,806
4,945,039,281
5,674,115,353
4,716,344,602
2,458,431,667
Bond / Sukuk
7,712,203,204
-
771,000,000
771,000,000
771,000,000
Less: Loan Repayment (Foreign)
(3,847,803,498)
(2,440,569,679)
(1,761,945,000)
(1,910,516,000)
(4,133,324,000)
Domestic Financing
6,323,819,877
11,126,635,549
3,776,276,920
6,016,604,727
6,174,519,460
From treasury Bills, Loans, Bonds and Other Instruments / (Deposit to fiscal reserve)
7,235,642,760
12,022,111,867
4,733,655,287
7,340,031,673
7,632,291,120
Re-inmbursement of Subsidiary Loans
11,455,117
300,646,020
274,623,701
335,602,562
330,662,118
Less: Loan Repayment (Domestic)
(199,982,303)
(314,176,418)
(339,147,496)
(704,436,689)
(703,294,005)
Transfer to sovereign development fund
(485,388,649)
(781,729,082)
(871,427,470)
(944,816,136)
(1,082,275,058)
Less: Contribution to International Financial Institutions
(12,185,377)
(25,216,838)
(21,427,102)
(9,776,683)
(2,864,715)
Long Term Investments
(225,721,671)
(75,000,000)
-
-
-
Total Revenues & Grants
In Billion Rufiyaa
Breakdown for year: 2023