Government Revenue consists of Tax Revenue, Non-Tax Revenue and Grants.
Government Expenditure is composed of two main types of expenditures: Recurrent Expenditures (expeness incurred by the Government and providing public services) and Capital Expenditure (expenditure on infrastructure projects and capital items)
The Total Expenditure is calculated by deducting loan repayments and contribution to international finance institutions from the Total Budget.
The Overall Budget Balance is the difference between Total Revenues and Grants, and Total Expenditures. The Overall Budget Balance is at a deficit due to higher Total Expenditures compared to Total Revenues and Grants. The Primary Budget Balance is the Overall Balance after deducting loan servicing costs.
The Budget 2023 includes a total of MVR 2,469 million for personal emoluments in the health sector. From this budget, MVR 995 million is allocated for medical consumables and supplies.
Most of the expenditure in this sector is allocated for economic diversification, labour affairs and the development of the private sector.
The Budget 2023 allocates a total of MVR 857 million for tertiary education.
Among this, the majority of expenditures are on housing and community development. Other expenditures allocated in this sector are for providing drinking water.
Expenditures on this function aim to promote an equitable society.
Expenditure on this function includes waste management, waste water management, pollution abatement, protection of biodiversity and landscape, among others. The largest component, among this, is sanitation in islands for which MVR 822.7 million is allocated for in the Budget 2023.
Most of the expenditure are on border control and public safety.
The 2023 Budget allocates MVR 2,039 million on the provision of general public services. A total of MVR 1,816 million is allocated for executive and legislative organs, financial and fiscal affairs, and external affairs, while MVR 195 million is allocated for general public services.
MVR 958 million is allocated for recreation, culture, and religion in the 2023 Budget. MVR 431 million is allocated towards recreation and sporting services while MVR 370 million is allocated to religious and other community services.
A total of MVR 5,538 million is allocated in the 2022 Budget for debt services and amortization. Of this, MVR 2,101 million is allocated for debt repayments and MVR 3,437 million is allocated for interest payment and debt servicing.