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Salaries, wages and pensions

Total recurrent and capital expenditure › Recurrent expenditureMonthlyRufiyaa (MVR)Part of Recurrent expenditure

Latest
MVR 1.38bn
Jul 2026
On a year earlier
+13.4%
same period last year
2026 to date
MVR 9.69bn
+14.9% on the same stretch of 2025
Trend growth, 8 years
7.2% a year
least-squares fit, R² 0.95

The whole record

Loading chart…

Source: Ministry of Finance and Planning, via the Maldives Monetary Authority statistics database.

What the numbers say

Short term

The latest readings
  • The latest figure is MVR 1.38 billion for Jul 2026, down 1.8% from Jun 2026 and up 13.4% on the same month a year earlier.
  • In the first 7 months of 2026 the total was MVR 9.69 billion, up 14.9% on the same stretch of 2025.
  • Over the latest 12 months it came to MVR 15.98 billion, up 12.3% on the 12 months before.
  • The change on a year earlier averaged +14.6% over the last three months, against +16.3% in the three months before: the year-on-year pace has eased.

Long term

The record as a whole
  • Trend growth over the past 8 years is 7.2% a year (least-squares fit on the logarithm; R² 0.95, a close fit, so the series has followed a steady path).
  • Measured end to end, compound growth is 9.7% a year over five years, on 12-month totals.
  • The latest figure (12-month total) is the highest on record.
  • Year-on-year growth has typically varied by about 5.5 percentage points (one standard deviation) over the past five years.

How to read this series

Expenditure and balance. What the government spends: recurrent spending (salaries, pensions, subsidies, interest and running costs) and capital spending (buildings, infrastructure, equipment). The overall balance is revenue minus this total; a negative figure is a deficit that has to be borrowed.

  • Shown in current prices (nominal). Part of any long-run rise reflects inflation rather than a larger real amount.
  • A flow: it measures activity during each month, and months add up to an annual total.
  • Recent periods are often revised as fuller data arrive. The version comparison below shows what MMA has changed since this site began keeping copies.

Terms such as percentage points, flows and stocks, and trend growth are explained in How to read the tracker.

Revisions

This site holds one version of this series so far, first stored on 6 Oct 2026. Each time MMA adds a period or revises a past figure, a new version is kept alongside the old one and the two are charted against each other here.

Stored versions of Salaries, wages and pensions
VersionStoredMMA updatedCoversAddedRevisedRemoved
1 (current)6 Oct 202617 Aug 2026Jan 2017 – Jul 2026———

Sorted by Version, descending.

All figures

Every period on record, newest first. Sort by any column, filter, copy the table or download it as CSV.

Every observation of Salaries, wages and pensions
Jul 2026MVR 1.38 billion+13.4%
Jun 2026MVR 1.4 billion+18.1%
May 2026MVR 1.36 billion+12.3%
Apr 2026MVR 1.4 billion+16.7%
Mar 2026MVR 1.4 billion+20.7%
Feb 2026MVR 1.46 billion+11.7%
Jan 2026MVR 1.29 billion+11.9%
Dec 2025MVR 1.31 billion+11.7%
Nov 2025MVR 1.31 billion+12.5%
Oct 2025MVR 1.23 billion+7.7%
Sep 2025MVR 1.23 billion+6.9%
Aug 2025MVR 1.2 billion+4.1%
Jul 2025MVR 1.21 billion+6.6%
Jun 2025MVR 1.19 billion+5.6%
May 2025MVR 1.21 billion+7.5%
Apr 2025MVR 1.2 billion+3.8%
Mar 2025MVR 1.16 billion+5.4%
Feb 2025MVR 1.31 billion+10.6%
Jan 2025MVR 1.15 billion+13.0%
Dec 2024MVR 1.17 billion+7.6%
Nov 2024MVR 1.16 billion+13.3%
Oct 2024MVR 1.15 billion+12.1%
Sep 2024MVR 1.15 billion+14.4%
Aug 2024MVR 1.16 billion+16.2%
Jul 2024MVR 1.14 billion+17.3%
Jun 2024MVR 1.13 billion+11.0%
May 2024MVR 1.12 billion+13.4%
Apr 2024MVR 1.15 billion+17.8%
Mar 2024MVR 1.1 billion+1.8%
Feb 2024MVR 1.18 billion+23.1%

Sorted by Period, descending.

About this series

Source
Ministry of Finance and Planning
Published by
MMA Statistics Database, series 2036
MMA table
Fiscal Sector › Monthly Fiscal Developments › Total recurrent and capital expenditure › Recurrent expenditure
Coverage
Jan 2017 to Jul 2026 · 115 observations
MMA updated
17 Aug 2026
Last checked
22 Oct 2026

The analysis is calculated by Good Morning Maldives from the published figures; it describes the data and is not a forecast.