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Capital expenditure

Monthly Fiscal Developments › Total recurrent and capital expenditureMonthlyRufiyaa (MVR)Part of Total recurrent and capital expenditure

Latest
MVR 245m
Jul 2026
On a year earlier
−61.9%
same period last year
2026 to date
MVR 3.3bn
+12.9% on the same stretch of 2025
Trend growth, 8 years
14.3% a year
least-squares fit, R² 0.52

The whole record

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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 245 million for Jul 2026, down 61.9% on the same month a year earlier.
  • In the first 7 months of 2026 the total was MVR 3.3 billion, up 12.9% on the same stretch of 2025.
  • Over the latest 12 months it came to MVR 7.2 billion, down 5.6% on the 12 months before.
  • The change on a year earlier averaged −6.8% over the last three months, against +29.8% in the three months before: the year-on-year change has turned negative.

Long term

The record as a whole
  • Trend growth over the past 8 years is 14.3% a year (least-squares fit on the logarithm; R² 0.52, a moderate fit, with sizeable swings around the path).
  • Measured end to end, compound growth is 11% a year over five years, on 12-month totals.
  • The record high (12-month total) was MVR 12.72 billion in the year to Aug 2023; the latest is 43.4% below it.
  • The past five years include an exceptional swing in the annual growth rate, so no typical range is quoted.
  • There is a regular seasonal pattern: over the last 5 full years the high point has been December and the low point April. Compare each month with the same one a year earlier, not with the one before.

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.

What is driving it

How much each component added to, or took from, the total’s growth on a year earlier.

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Each bar segment is a component’s change over the year as a share of the total a year earlier, in percentage points; the segments add up to the line. Calculation by Good Morning Maldives from MMA data.
Components of Capital expenditure
Capital equipmentsMVR 48.9m
Infrastructure assetsMVR 196.1m
Development projects and capital transfersMVR 0

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 Capital expenditure
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 Capital expenditure
Jul 2026MVR 245 million−61.9%
Jun 2026MVR 706.2 million+44.6%
May 2026MVR 548.4 million−3.1%
Apr 2026MVR 536.8 million+30.6%
Mar 2026MVR 638.2 million+44.6%
Feb 2026MVR 312.1 million+14.3%
Jan 2026MVR 316 million+212.8%
Dec 2025MVR 1.51 billion−12.8%
Nov 2025MVR 529.4 million−29.8%
Oct 2025MVR 677.5 million+10.9%
Sep 2025MVR 576.6 million−30.4%
Aug 2025MVR 597.7 million−22.3%
Jul 2025MVR 643.3 million−42.8%
Jun 2025MVR 488.4 million+15.2%
May 2025MVR 566 million−56.6%
Apr 2025MVR 411.2 million−37.2%
Mar 2025MVR 441.2 million−68.1%
Feb 2025MVR 273.1 million−69.1%
Jan 2025MVR 101 million−80.9%
Dec 2024MVR 1.73 billion−14.6%
Nov 2024MVR 754.5 million−6.9%
Oct 2024MVR 611 million−17.9%
Sep 2024MVR 828.5 million+107.1%
Aug 2024MVR 769.3 million−54.8%
Jul 2024MVR 1.13 billion+13.1%
Jun 2024MVR 424 million−48.6%
May 2024MVR 1.3 billion+42.9%
Apr 2024MVR 654.7 million−14.4%
Mar 2024MVR 1.38 billion+20.3%
Feb 2024MVR 883.5 million+40.4%

Sorted by Period, descending.

About this series

Source
Ministry of Finance and Planning
Published by
MMA Statistics Database, series 2057
MMA table
Fiscal Sector › Monthly Fiscal Developments › Total recurrent and capital 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.