A notable uplift in public revenue was recorded in June, with total government earnings reaching USD 188.2 million,ma substantial 20.8% increase compared to the same month last year, as reported by the Ministry of Finance and Planning. This performance reflects a growing vibrancy in the Maldivian economy, particularly within tourism-related sectors that contribute significantly to national revenue streams.
Tax income dominated the revenue portfolio, amounting to USD 136.2 million in June alone, up 16.6% from USD 116.8 million during June 2024. This increase aligns with continued growth in visitor arrivals and spending, with the hospitality and tourism industry particularly resorts playing a key role in driving tax collection through bed taxes, GST, and tourism-related levies.
Non-tax revenues also surged, totaling USD 54.7 million, a 35.7% leap from the USD 40.3 million generated in the same period the previous year. This category includes income from lease extensions, land acquisition and conversion fees, and rent from resort islands, further underscoring the positive fiscal impact of the tourism sector. The report specifically highlights a rise in resort rental income, reflecting both improved occupancy levels and active lease agreements.
Further reinforcing international confidence in the country, the Maldives received USD 2.76 million in free aid during the month, marking an impressive 151.5% rise from the USD 1.1 million received in June 2024. Such external support often complements tourism infrastructure development, climate adaptation projects, and sustainable hospitality initiatives.
The Sovereign Development Fund (SDF), which supports long-term economic stability and national development projects, saw deposits of USD 9.3 million in June. This represents a 53.8% increase compared to the USD 6 million deposited in June of the previous year, enabled by higher revenue inflows—once again a testament to improved fiscal health.
On the spending side, the government reported USD 175 million in total expenditure for June 2025, a controlled 3.6% increase over the prior year. Of this, USD 149.3 million was allocated to recurrent expenses and USD 30 million directed toward capital investments, some of which are likely to enhance tourism infrastructure and resort accessibility across the islands.
The data signals a steadily recovering and expanding economic environment, where tourism remains a driving force behind national revenue. The increase in resort-related revenues, alongside broader fiscal growth, reflects not only a rebound in global travel but also strong policy efforts to optimize economic opportunities linked to Maldives’ status as a world-renowned island destination.
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