Government revenue and grants reached USD 2.04 billion as of 8 October 2026, an increase of three per cent from USD 1.98 billion during the corresponding period last year.
The Ministry of Finance and Public Enterprises' latest Weekly Fiscal Developments report attributes the growth mainly to higher import duty and General Goods and Services Tax (GST) collections.
Import duty revenue rose by 18.3 per cent to USD 175.10 million, compared with USD 149.16 million last year. GST revenue increased by 7.7 per cent to USD 278.86 million, while total tax revenue grew by 7.4 per cent to USD 1.58 billion.
Other revenue sources also recorded growth. Business and property taxes increased by 21.3 per cent to USD 369.65 million, while airport service charges and departure taxes rose by 9.2 per cent to USD 97.28 million.
Airport Development Fee collections increased by 9.1 per cent to USD 97.28 million. Property income grew by 12.3 per cent to USD 123.22 million, while grants rose by 77 per cent to USD 33.40 million.
Government expenditure also increased. Recurrent spending on administrative services rose by 7.4 per cent to USD 123.22 million, while capital expenditure on infrastructure assets, excluding land and buildings, increased by 8.6 per cent to USD 181.58 million.
Spending under the Public Sector Investment Programme (PSIP) grew by 16 per cent to USD 278.86 million.
Meanwhile, salaries and wages increased by 14.1 per cent to USD 356.68 million. Assistance and subsidy expenditure rose by 43.7 per cent to USD 667.96 million, including a 71.8 per cent increase in subsidies to USD 272.37 million.
Aasandha expenditure also grew by 23.6 per cent to USD 123.87 million. In contrast, spending on debt repayments and interest declined by 5.2 per cent to USD 246.43 million.
Overall, Government expenditure reached USD 2.33 billion, an increase of 18.3 per cent compared with last year. This comprised USD 2.01 billion in recurrent expenditure and USD 317.77 million in capital expenditure.
The Government recorded an overall fiscal deficit of USD 285.34 million as of 8 October 2026.