Budget 2022 Summary
Approved by People's Majilis
Budget Summary
In rufiyaa
    • Maldivian rufiyaa
    • US dollar
    • No scaling
    • Thousands
    • Millions
    • Billions
2020
2021
2022
2023
2024
Actual
Revised
Budgeted
Budgeted
Budgeted
Total Revenues & Grants
15,221,889,824
19,678,613,713
24,279,891,632
27,977,524,423
27,310,757,688
Total Revenues
14,249,424,492
18,524,856,706
21,368,090,112
23,517,235,232
25,193,578,137
Revenues of Govt. Offices
13,922,112,928
17,665,452,153
20,838,241,252
22,959,058,755
24,611,236,442
Trust Fund Revenues
512,460,289
870,385,005
948,259,796
1,077,920,538
1,161,547,717
(-) Subsidiary Loan Repayment
(185,148,725)
(10,980,452)
(418,410,936)
(519,744,061)
(579,206,022)
Total Grants
972,465,332
1,153,757,007
2,911,801,520
4,460,289,191
2,117,179,551
Cash Grants
605,203,722
551,073,543
2,313,108,000
3,855,000,000
1,542,000,000
Project Grants
367,261,610
602,683,464
598,693,520
605,289,191
575,179,551
Total Expenditure
28,753,534,203
32,501,262,617
34,101,804,160
36,125,813,569
37,594,237,349
Total Budget
30,156,529,875
37,167,687,519
36,999,280,550
41,094,407,263
40,108,272,162
Regular Budget
26,801,192,494
33,767,816,836
32,862,067,134
36,671,931,345
34,907,341,711
Trust Fund Expenditures
1,739,953,420
662,220,338
591,509,659
646,920,269
653,244,676
Cash Grant Expenditures
26,407,057
30,182,300
23,954,393
11,361,654
11,577,247
Project Grant Expenditures
372,083,695
622,832,609
603,453,382
609,847,940
580,179,551
Loan Expenditures
1,216,893,209
2,084,635,436
2,885,433,915
3,117,674,124
3,921,021,635
Political Party Contribution 0.1 %
-
-
32,862,067
36,671,931
34,907,342
Less: Loan Repayments, Contributions to International FInancial Institutions and long term investments
(1,402,995,672)
(4,666,424,902)
(2,897,476,390)
(4,968,593,694)
(2,514,034,813)
Loan Repayment (Domestic)
(439,818,438)
(659,035,100)
(370,639,700)
(939,173,831)
(795,395,200)
Loan Repayment (Foreign)
(753,310,965)
(3,760,400,000)
(2,491,104,000)
(4,001,721,000)
(1,703,365,000)
Contribution to International Financial Institutions
(9,866,269)
(21,268,131)
(35,732,690)
(27,698,863)
(15,274,613)
Long Term Investments
(200,000,000)
(225,721,671)
-
-
-
Overall Balance (Deficit) / Surplus
(13,531,644,379)
(12,822,648,904)
(9,821,912,528)
(8,148,289,146)
(10,283,479,661)
Total Revenues & Grants
15,221,889,824
19,678,613,713
24,279,891,632
27,977,524,423
27,310,757,688
Less: Total Expenditure
28,753,534,203
32,501,262,617
34,101,804,160
36,125,813,569
37,594,237,349
Primary Balance (Deficit) / Surplus
(12,127,785,245)
(10,361,381,733)
(6,906,688,666)
(4,841,189,961)
(6,682,574,330)
Overall Balance (Deficit) / Surplus
(13,731,644,379)
(13,048,370,575)
(9,821,912,528)
(8,148,289,146)
(10,283,479,661)
Total Revenues & Grants
15,221,889,824
19,678,613,713
24,279,891,632
27,977,524,423
27,310,757,688
Less: Total Expenditure
28,953,534,203
32,726,984,288
34,101,804,160
36,125,813,569
37,594,237,349
Interest Payment
(1,603,859,134)
(2,686,988,842)
(2,915,223,862)
(3,307,099,185)
(3,600,905,331)
Total Financing
(14,138,745,908)
(13,510,306,587)
(10,662,578,680)
(9,077,839,163)
(11,274,317,819)
Foreign Financing
2,504,060,114
6,034,235,436
5,020,329,915
2,970,953,124
6,072,656,635
Loan
3,129,615,740
2,084,635,436
3,656,433,915
3,888,674,124
4,692,021,635
Bond / Sukuk
127,755,339
7,710,000,000
3,855,000,000
3,084,000,000
3,084,000,000
Less: Loan Repayment (Foreign)
(753,310,965)
(3,760,400,000)
(2,491,104,000)
(4,001,721,000)
(1,703,365,000)
Domestic Financing
(11,634,685,794)
(7,476,071,151)
(5,642,248,765)
(6,106,886,039)
(5,201,661,184)
From treasury Bills, Loans, Bonds and Other Instruments / (Deposit to fiscal reserve)
11,879,489,238
8,102,857,668
5,558,744,839
6,498,616,946
5,402,575,749
Re-inmbursement of Subsidiary Loans
185,148,725
10,980,452
418,410,936
519,744,061
579,206,022
Less: Loan Repayment (Domestic)
(439,818,438)
(659,035,100)
(370,639,700)
(939,173,831)
(795,395,200)
Transfer to sovereign development fund
-
-
-
-
-
Less: Contribution to International Financial Institutions
(9,866,269)
(21,268,131)
(35,732,690)
(27,698,863)
(15,274,613)
Total Revenues & Grants
In Billion Rufiyaa
Breakdown for year: 2022