Maldives Budget 2023

Budget 2023 Expenditure

Approved Budget

Summary

Revenue

Expenditure

Economic Classification

In rufiyaa

Select Year
- Select any 3 years
- 2021
- 2022
- 2023
- 2024
- 2025

- Maldivian rufiyaa
- US dollar

- No scaling
- Thousands
- Millions
- Billions

2021

2022

2023

2024

2025

Actual

Revised

Budgeted

Total Expenses

37,145,084,501

42,847,161,850

42,840,801,398

46,849,143,754

45,434,127,395

Recurrent Expenditure

24,036,506,501

27,894,520,925

28,636,819,511

30,663,150,014

32,316,459,127

Salaries and Wages

4,625,520,870

4,882,742,383

5,942,094,164

7,352,873,224

8,603,314,420

Salaries and Wages

4,018,145,344

4,281,158,333

5,326,208,345

6,739,819,799

7,992,441,306

Overtime Pay

607,375,526

601,584,050

615,885,819

613,053,425

610,873,114

Allowances to Employees

4,055,940,767

4,491,646,776

5,085,377,948

5,080,793,106

5,078,017,190

Pensions, Ret. Benefit & Grat.

1,649,853,382

1,745,153,558

1,858,597,272

1,947,659,123

2,037,174,225

Pensions

1,160,934,170

1,213,514,518

1,255,044,611

1,328,497,367

1,398,766,506

Retirement Benefits and Gratuities

7,811,213

8,052,079

8,000,000

Retirement benefits paid upon Retirement

34,985,404

40,648,792

41,131,756

48,905,503

55,414,653

Monthly Payment to the Retired

211,183,994

225,915,578

262,771,880

271,151,730

284,073,441

Government Contribution to Provident Fund

Contribution to the retirement pension scheme

234,938,601

257,022,591

291,649,025

291,104,523

290,919,625

Travelling Expenses

183,197,156

219,779,610

210,200,474

212,747,452

208,160,303

Travelling Expenses - Local Sea Travel

29,695,888

31,494,919

38,243,790

39,096,480

38,308,332

Travelling Expenses - Local Land Travel

9,322,218

15,280,846

9,138,628

8,837,300

8,375,673

Travelling Expenses - Local Air Travel

41,962,379

42,288,233

41,194,969

41,168,450

40,725,461

Travelling Expenses - Overseas

62,401,304

85,788,338

76,220,136

78,540,964

75,015,019

Travelling Expenses for Foreigners

30,698,154

39,944,495

39,413,309

39,049,234

39,571,202

Other Travelling Expenses

9,117,213

4,982,779

5,989,642

6,055,024

6,164,616

Administrative Supplies

680,726,041

717,264,990

788,017,388

815,737,433

824,936,217

Stationery and Office Requisites

59,932,072

67,937,206

76,843,813

77,641,162

77,136,834

IT Related Materials

14,430,443

16,930,778

15,799,349

15,852,518

16,177,270

Fuel and Lubricants

129,382,096

164,149,042

164,606,920

169,218,443

174,552,040

Meals for Employees During Office Hours

346,847,057

338,701,024

383,453,370

401,961,794

408,448,583

Electrical Items

9,446,126

10,083,989

12,694,769

12,750,252

12,772,849

Spare Parts

18,269,920

18,176,639

22,537,240

21,997,221

22,181,791

Materials for Uniforms

31,425,430

37,333,864

44,424,384

45,974,178

47,306,656

Supplies for Office Cleaning

19,394,893

27,050,638

29,708,510

30,136,752

30,713,662

Utensils and Accessories

5,495,920

2,308,051

3,232,877

3,125,701

3,193,431

Office Decoration Materials

869,777

871,774

1,403,572

1,469,068

1,503,540

Curtains, Table Cloths Etc

6,173,905

4,807,218

7,803,452

7,431,473

7,497,939

Other Administrative Supplies

39,058,402

28,914,767

25,509,132

28,178,871

23,451,622

Administrative Services

2,258,549,045

2,242,338,158

2,589,926,760

2,570,547,445

2,580,102,318

Telephone, Fax and Telex

83,312,810

50,538,652

47,111,678

49,231,342

49,960,613

Electricity

496,887,908

475,470,544

610,909,219

641,141,863

662,184,241

Water and Sanitation Services

114,197,698

94,151,422

121,491,681

125,105,932

126,357,313

Leased Line and Internet

154,691,577

197,701,681

204,607,679

207,640,793

210,031,053

Building rent and Land rent

191,849,014

178,087,835

206,425,806

202,897,277

204,506,547

Hire Charges

1,234,643

2,558,015

1,380,453

1,705,551

1,425,154

Security and Safeguarding Services

78,332,217

102,558,502

99,521,195

104,549,208

106,700,330

Cleaning Services and Waste Disposal

47,338,154

56,015,158

66,199,981

66,641,625

67,373,539

Postage and Message

1,110,139

1,590,206

1,393,097

1,396,545

1,506,520

Announcements, Subscriptions and Advertisements

9,154,423

11,794,546

7,003,611

6,520,346

6,111,501

Carriage and Conveyance

28,079,355

21,242,520

18,672,636

19,269,496

19,727,592

Meeting or Seminar Related Expenses

15,672,741

29,642,015

32,003,296

25,455,008

24,572,069

National Competitions and Ceremonies

38,249,603

52,035,043

24,805,227

21,703,270

22,552,843

Social Development Programmes

101,246,603

67,064,384

72,195,839

72,102,672

64,960,758

Examination Related Expenses

26,207,789

30,436,392

31,290,706

33,481,660

33,417,235

Consultancy, Translation & Other Related Services

141,540,862

190,273,234

187,657,543

164,647,370

163,760,602

Expenses on Foreign Dignitaries

16,058,909

20,316,294

15,018,150

15,167,426

15,562,362

Visa, Workpermit Fees of Expatriate Staff

28,677,954

24,438,464

26,154,578

26,856,567

27,121,005

Annual Fees to Government

8,795,134

17,306,502

12,359,136

11,826,270

11,920,196

Printing Services

67,432,689

50,391,529

65,628,472

60,401,787

56,876,335

Laundry Services

254,379

320,979

420,822

443,299

448,452

Staff Medical Expenses

185,185,504

189,290,727

178,694,433

180,598,309

185,857,916

Expenses on International & Local Fairs

177,974,819

132,487,503

164,805,255

164,751,159

164,919,421

Bank Charges and Commission

41,076,607

24,402,459

28,916,242

28,972,412

29,033,156

Insurance

36,972,275

46,454,758

48,581,346

48,628,411

48,825,356

Other Administrative Services

167,015,239

175,768,794

210,845,954

194,253,776

178,965,952

IT Related Subscriptions & Fees

105,832,725

95,158,071

95,424,257

Operational Consumables

1,538,519,334

1,288,277,560

1,137,468,740

1,162,576,279

1,164,687,691

Medical Consumables

1,413,636,188

1,164,015,102

1,014,987,693

1,036,568,521

1,037,331,982

Educational Consumables

12,428,871

14,552,973

15,458,743

18,103,601

18,917,050

Prov. of food to people under arrest & detention

94,759,992

87,582,700

86,577,180

87,117,769

87,493,694

Other Matrl. for people under arrest & detention

14,006,351

19,326,787

16,498,623

16,767,526

16,845,592

Other Operational Consumables

3,687,932

2,799,998

3,946,501

4,018,862

4,099,373

Training Expenses

567,381,494

423,183,905

391,011,746

391,060,033

402,131,328

Scholarship and Fellowship Assistance

531,515,825

359,247,546

314,510,498

323,782,634

333,310,134

Short Course Fees & Expenses - Overseas Training

6,101,646

13,289,532

10,153,666

10,646,124

10,996,597

Workshops Related Expenses

6,134,028

14,305,169

12,038,793

11,158,346

11,702,839

Course Fees & Related Expenses - Local Training

3,658,686

3,620,994

5,286,097

4,133,004

4,229,023

Conducting Training Courses

17,052,762

25,974,655

41,553,745

33,268,144

33,601,055

Staff training

2,918,547

6,746,009

7,468,947

8,071,781

8,291,680

Repairs and Maintenance

310,319,277

313,589,347

487,628,199

388,493,184

372,188,793

Repairs - Residential Buildings

7,998,033

9,466,105

4,472,267

3,924,955

3,920,735

Repairs - Non-Residential Buildings

124,327,990

135,452,906

253,107,451

183,557,403

183,226,254

Repairs - Roads and Bridges

350,274

1,623,243

12,207,932

12,630,424

12,808,541

Repairs - Airports

Repairs - Wharves, Ports and Harbours

4,176,748

788,618

2,346,660

2,373,560

2,401,267

Repairs - Water & Sanitation Systems

46,649,623

6,949,302

22,237,598

30,692,089

12,821,804

Repairs - Electricity Systems

6,031,314

6,317,110

18,236,295

10,645,214

10,731,470

Repairs - Other Infrastructure

3,688,231

2,625,945

3,028,112

3,412,979

3,421,861

Repairs - Furniture & Fittings

3,098,565

3,395,480

6,305,723

6,981,362

7,070,456

Repairs - Machinery and Equipment

28,732,595

55,040,551

53,060,804

48,923,351

49,407,752

Repairs - Vehicular Equipment

316,634

933,815

1,286,315

1,179,680

1,183,167

Repairs - Communication Infrastructure

11,286,810

10,798,733

3,412,700

1,579,834

1,665,699

Repairs - Computer Software

21,751,996

19,275,508

11,584,586

11,550,373

11,317,814

Repairs - IT-Related Hardware

9,946,473

7,210,936

12,539,503

10,623,085

10,698,804

Repairs - Other Equipment

385,268

743,857

925,199

967,339

992,767

Repairs - Motor Vehicles

18,113,246

21,155,077

31,155,308

26,229,539

26,735,347

Repairs - Ships and Boats

23,465,477

31,809,661

51,721,746

33,221,997

33,785,055

Repairs - Aerospace equipments

2,500

Financing and Interest Costs

2,104,465,542

3,234,442,793

3,436,848,337

3,828,268,965

4,081,423,913

Interest Payments to Government Agencies

155,493,043

143,400,000

144,833,273

142,923,714

140,965,700

Interest Payments to Domestic Sources

9,580,796

17,900,000

10,908,000

1,313,000

303,000

Interest Payments to Foreign Sources

984,389,572

1,360,777,168

1,515,954,905

1,732,916,768

1,814,159,552

Discount on Treasury Bills

955,002,131

1,712,365,625

1,765,152,159

1,951,115,483

2,125,995,661

Grants, Contrib. & Subsidies

5,832,197,578

8,281,440,890

6,608,448,483

6,811,180,378

6,863,094,129

Subsidies

99,864,039

5,707,755

Welfare Payments

4,397,365

3,170,860

19,097,637

21,192,031

22,187,950

Grants to Private Parties

230,395,738

217,560,407

265,813,483

278,879,427

288,113,832

Awards

10,778,454

11,288,022

13,518,400

14,360,084

14,636,544

Indemnities and Relief Against Natural Calamities

5,046,717

10,599,568

10,638,700

16,638,700

Subscriptions & Fees to Domestic Organisations

74,931

1,005,850

135,920

136,050

136,185

Subscriptions & Fees to International Org.

40,659,855

52,958,794

58,536,490

57,953,501

53,336,414

Donations to Foreign Parties or Goverments

Assistance to Associations & Social Organisations

110,226,100

110,367,750

112,372,021

115,786,723

117,429,404

Assistance for Community Programs

5,983,616

2,290,468

6,100,000

Electricity Subsidies

735,584,965

951,276,009

762,892,462

787,775,600

793,389,473

Water Subsidies

40,638,551

20,000,000

25,000,000

Food Subsidies

238,938,310

314,110,227

331,141,775

345,758,050

358,675,953

Single Parents Allowance

62,627,000

65,693,800

71,305,920

74,701,440

78,436,512

Medical Treatment Support -Abroad

60,179,848

85,000,000

80,000,000

60,000,000

40,000,000

Medical Treatment Support -Local

146,037,978

177,788,986

120,000,000

80,000,000

70,000,000

Foster Parents Allowance

2,454,000

2,992,703

3,142,339

3,291,974

3,456,572

Health Insurance Premium

1,562,442,931

1,637,635,573

1,045,000,000

958,140,000

996,920,000

Disability Allowance

223,174,000

245,284,318

341,338,534

446,892,750

461,459,071

Fisheries Subsidies

250,000,000

150,000,000

50,000,000

Agriculture Subsidies

Grants to Pre-schools

20,674,635

27,469,766

22,000,000

Grants to Councils

1,404,986,257

1,617,370,128

1,824,301,742

2,091,910,342

2,221,801,330

Therapeutic Services

20,112,329

27,650,000

36,382,500

36,115,000

38,930,000

Other Grants, Contributions & Subsidies

91,141,024

121,989,802

69,995,719

85,829,382

86,099,344

Waste Management Subsidy

26,400,000

33,000,000

Fuel Subsidy

460,323,693

2,320,417,949

588,170,044

546,338,141

439,147,009

Income Support and Job Seeker Allowance

255,455,242

51,747,958

43,002,268

Transport Subsidy

193,664,197

300,562,529

373,381,183

446,199,836

Sewerage Subsidy

180,000,000

Tax Payments

G-GST Payments

T-GST Payments

Import duty Payments

Losses

229,836,015

54,660,955

101,200,000

101,213,392

101,228,600

Losses from Government Agencies

203,094,503

39,267,287

100,000,000

Losses from Private Parties

18,552,212

600,920

1,200,000

1,213,392

1,228,600

Losses on Exchange Rates

8,189,300

14,740,988

Losses on Investment Revaluation

Loss on Sale of Government Property

Loss on Sale of Government Land

Loss on Sale of Investments In Public Enterprises

Loss on Sale of Other Asset

Loss - Impairment on Assets

Other Losses

51,760

Write-Offs

Write-Off - Government Agencies

Write-Off - Private Parties

Other Write-Offs

Capital Expenditure

13,108,578,000

14,952,640,925

14,203,981,887

16,185,993,740

13,117,668,268

Cap. Outlays-PAS Transition

75,398,177

14,374,906

47,341,902

46,428,626

39,001,238

Local Components for Foreign Assisted Projects

66,697,132

4,097,762

912,172

Implementation Costs of Foreign Assisted Projects

5,192,138

34,885,426

28,785,426

Other Economic Dev. Expenditure from Govt. Budget

3,508,907

10,277,144

11,544,304

10,631,028

9,303,640

Budget Contingency and Provision

1,731,956,570

1,916,728,325

2,000,422,476

Budget Contingency

1,731,956,570

1,916,728,325

2,000,422,476

Budget Provision (Bucket)

Transfers

Land & Buildings

1,451,632,749

2,107,269,960

3,126,465,361

3,949,027,890

1,242,664,420

Land

358,340,468

378,454,506

1,012,114,557

1,544,208,794

168,075,294

Residential Buildings

338,618,203

541,519,486

744,496,562

1,133,368,625

613,417,326

Non-Residential Buildings

754,674,078

1,187,295,968

1,369,854,242

1,271,450,471

461,171,800

Infrastructure Assets

3,911,567,296

6,851,398,153

5,425,821,412

6,328,154,180

3,802,702,992

Roads and Bridges

745,171,488

2,414,621,652

1,271,164,770

2,131,988,489

866,128,496

Airports

768,883,409

799,128,423

921,864,416

622,558,759

79,421,431

Wharves, Ports and Harbours

661,336,416

1,018,433,734

703,102,958

735,397,213

1,886,494,946

Water & Sanitation Systems

1,053,183,797

1,179,599,149

657,117,635

877,716,462

355,126,427

Electricity Systems

1,831,909

191,768,982

286,456,436

218,106,922

64,193,099

Other Infrastructure

681,160,277

1,247,846,213

1,586,115,197

1,742,386,335

551,338,593

Furniture, Machinery & Equip.

582,903,777

408,148,664

527,991,253

453,971,047

409,555,779

Furniture & Fittings

35,613,841

30,975,914

57,192,957

56,357,765

49,409,510

Machinery and Equipment

238,788,195

146,305,790

188,148,741

176,695,228

132,774,155

Vehicular Equipment

4,026,425

2,015,795

315,000

Tools, Instruments, Apparatus

2,101,566

5,089,827

5,808,855

5,080,560

5,120,357

Reference Books & Exhibition Goods

116,037

1,186,433

1,003,220

1,128,214

1,300,430

Communication Infrastructure

13,060,687

10,170,812

20,673,003

16,874,137

18,231,599

Computer Software

75,971,098

77,427,264

73,290,340

54,267,625

62,274,521

IT-Related Hardware

141,720,337

124,334,387

174,449,123

136,942,167

133,743,824

Other Equipment

71,505,591

10,642,442

6,860,014

6,375,351

6,451,383

Low Value Assets

250,000

Vehicles

81,989,023

55,908,862

84,397,226

69,184,560

69,711,596

Motor Vehicles

47,092,984

36,646,363

73,599,529

62,106,408

62,517,865

Ships and Boats

34,896,039

18,962,499

10,197,697

6,778,152

6,893,731

Aerospace equipments

300,000

600,000

300,000

Investment in Plc Enterprises

2,511,364,361

2,050,117,829

764,031,968

525,111,945

434,031,968

Equity Capital to Public Enterprises

Cap. Contrib. to Profit-Oriented Public Agencies

2,511,364,361

2,050,117,829

764,031,968

525,111,945

434,031,968

Investment in Equity Shares

Other Investments

237,907,048

100,216,838

21,427,102

9,776,683

2,864,715

Capital held in Multilateral 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

Constr., Renov. & Improvement

227,768

269,000

2,828,950

50,000

809,050

ST Loans Repayment - Domestic

Short Term Dom. Loan Repmt.-SOE

Short Term Dom. Loan Repmt.-State Fin.Institutions

Short Term Dom. Loan Repmt.-Individuals

Short Term Dom. Loan Repmt.-Non-Profit Org.

Short Term Dom. Loan Repmt.-Treasury Bills

Short Term Dom. Loan Repmt.-Other

ST Loans Repayment - Foreign

Short Term For. Loan Repmt.-Multilateral

Short Term For. Loan Repmt.-Bilateral Govt.

Short Term For. Loan Repmt.-For. Commercial Instit

Short Term For. Loan Repmt.-Foreign Individuals

Short Term For. Loan Repmt.-Other

LT Loans Repayment - Domestic

199,982,303

314,176,418

339,147,496

704,436,689

703,294,005

Long Term Dom. Loan Repmt.-SOE

Long Term Dom. Loan Repmt.-State Fin.Institutions

121,592,547

254,909,644

275,942,100

639,335,131

636,239,400

Long Term Dom. Loan Repmt.-Individuals

78,389,756

59,266,774

63,205,396

65,101,558

67,054,605

Long Term Dom. Loan Repmt.-Non-Profit Org.

LT Loans Repmt. - Other Dom.

Long Term Dom. Loan Repmt.-Inscribed Stock

Long Term Dom. Loan Repmt.-Treasury Bills

Long Term Dom. Loan Repmt.-Domestic Banks

Long Term Dom Repmt - Govt Bonds

Long Term Dom. Loan Repmt.-Others

LT Loan Repayment - Foreign

3,847,803,498

2,440,569,679

1,761,945,000

1,910,516,000

4,133,324,000

Long Term For. Loan Repmt.-Multilateral

417,274,363

355,100,000

410,060,000

429,048,000

584,790,000

Long Term For. Loan Repmt.-Bilateral Govt.

407,657,303

339,500,000

443,188,000

492,072,000

549,541,000

Long Term For. Loan Repmt.-For. Commercial Instit.

2,946,693,450

Long Term For. Loan Repmt.-Foreign Individuals

76,178,382

851,669,679

908,697,000

989,396,000

2,998,993,000

Long Term For Loan Repmt - Govt Bonds

894,300,000

Long Term For. Loan Repmt.-Other

Lendings - Domestic

207,802,000

610,190,616

370,627,647

272,607,795

279,286,029

New Domestic Lending - SOE

197,802,000

52,326,370

New Domestic Lending - State Fin.Institutions

New Domestic Lending - Individuals

10,000,000

167,146,118

266,124,073

272,607,795

279,286,029

New Domestic Lending - Non-Profit Org.

Domestic Lending - For. Commercial Instit.

Other New Domestic Lending

390,718,128

104,503,574

Lendings - Foreign

New Foreign Lending - Bilateral Govt.

New Foreign Lending - For. Commercial Instit.

New Foreign Lending - Foreign Individuals

New Foreign Lending - Other

Total Expenses

In Billion Rufiyaa

Breakdown for year: 2023