PUBLIC FINANCE

1994

1995

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008 ^1_/

(In million rufiyaa)

Revenue and Grants

1,144.3

1,408.7

1,824.7

1,930.2

2,225.3

2,372.7

2,522.6

2,714.9

3,087.9

3,424.7

4,612.9

6,154.1

7,571.2

7,757.4

Revenue

981.7

1,209.5

1,656.5

1,765.7

2,062.6

2,206.8

2,310.9

2,582.4

2,964.3

3,351.8

3,788.3

5,286.7

6,527.2

7,199.9

Tax Revenue

536.4

638.5

864.1

902.7

977.3

1,013.8

1,046.6

1,091.7

1,268.7

1,647.2

1,722.8

2,370.3

6,490.7

7,159.2

Non-tax Revenue *

445.3

571.0

792.4

863.0

1,085.3

1,193.0

1,264.3

1,490.7

1,695.6

1,704.6

2,065.5

2,916.3

36.5

40.7

Grants **

162.6

199.2

168.2

164.5

162.7

165.9

211.7

132.5

123.6

72.9

824.6

867.4

1,044.0

557.5

Expenditure and Net Lending

1,350.9

1,708.8

1,906.0

2,053.3

2,506.4

2,694.2

2,885.9

3,117.3

3,388.2

3,582.6

5,657.6

6,948.1

8,200.9

9,788.6

Total Expenditure

1,357.5

1,717.8

1,936.9

2,113.9

2,494.9

2,739.9

2,912.1

3,135.5

3,551.9

3,779.1

5,775.4

7,066.2

8,325.4

9,963.1

Current Expenditure

691.9

878.1

1,182.0

1,297.9

1,545.5

1,875.9

1,971.4

2,109.4

2,345.7

2,788.1

4643.3

5,607.8

6,560.1

7,943.3

Capital Expenditure

665.6

839.7

754.9

816.0

949.4

864.0

940.7

1,026.1

1,206.2

991.0

1,132.1

1,458.4

1,765.3

2,019.8

Net Lending

-6.6

-9.0

-30.9

-60.6

11.5

-45.7

-26.2

-18.2

-163.7

-196.5

-117.8

-118.1

-124.5

-174.5

Overall Balance (including grants)

-206.6

-300.1

-81.3

-123.1

-281.1

-321.5

-363.3

-402.4

-300.3

-157.9

-1,044.7

-794.0

-629.7

-2,031.2

Financing

206.6

300.1

81.3

123.1

281.1

321.5

363.3

402.4

300.3

157.9

1,044.7

794.0

629.7

2,031.2

Foreign financing

100.2

298.0

172.2

129.3

56.7

3.6

145.8

372.4

419.2

403.7

235

529.2

615.1

616.9

Domestic financing ***

106.4

2.1

-90.9

-6.2

224.4

317.9

217.5

30.0

-118.9

-245.8

809.7

264.8

14.6

1414.3

Overall Balance (excluding grants)

-369.2

-499.3

-249.5

-287.6

-443.8

-487.4

-575.0

-534.9

-423.9

-230.8

-1,869.3

-1661.4

-1673.7

-2,588.7

Revenue as percent of GDP

23.8

23.7

25.5

25.5

27.3

27.6

28.9

31.5

33.4

33.7

39.5

45.1

48.4

44.6

Tax Revenue as percent of GDP

13.0

12.5

13.3

13.1

13.0

12.7

13.1

13.3

14.3

16.6

18.0

20.2

48.1

44.4

* Non-tax Revenue as pecent of GDP

10.8

11.2

12.2

12.5

14.4

14.9

15.8

18.2

19.1

17.2

21.5

24.9

0.3

0.3

Total Expenditure as pecent of GDP

32.9

33.6

29.8

30.6

33.1

34.3

36.4

38.2

40.1

38.0

60.2

60.3

61.7

61.8

Current Expenditure as pecent of GDP

16.8

17.2

18.2

18.8

20.5

23.5

24.6

25.7

26.5

28.1

48.4

47.9

48.6

49.2

Capital Expenditure as pecent of GDP

16.1

16.4

11.6

11.8

12.6

10.8

11.8

12.5

13.6

10.0

11.8

12.4

13.1

12.5

GDP ( current market prices in millions Rf )

4,125

5,107

6,505

6,913

7,542

7,992

8,001

8,201

8,863

9,938.7

9,596.1

11,717.4

13,493.3

16,130.9

* Includes capital revenue

** Excludes grants for direct expenditure by donors

*** Primary reflects net borrowing from Maldives Monitory Authority

^1_/Provisional