Government revenue 29 percent higher in November

Government revenue in November was 29 percent higher than the same period last year, the Maldives Inland Revenue Authority (MIRA) has revealed.

MIRA collected a total MVR 403.5 million (US$26 million), including US$17.1 million in US dollar receipts during November.

The revenue collected in November was 2.3 percent higher than forecast. Goods and Services Tax (GST) accounted for the largest portion of revenue with 54.6 percent while tourism taxes accounted for 18.4 percent.