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Primary balance (surplus / deficit)

Monthly Fiscal DevelopmentsMonthlyRufiyaa (MVR)

Latest
MVR 627.5m
Jul 2026
On a year earlier
+MVR 37m
same period last year
2026 to date
MVR 1.9bn
−MVR 2.41bn on the same stretch of 2025
On five years ago
+MVR 1.44bn

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 627.5 million for Jul 2026, up MVR 1.32 billion from Jun 2026 and up MVR 37 million on the same month a year earlier.
  • In the first 7 months of 2026 the total was MVR 1.9 billion, down MVR 2.41 billion on the same stretch of 2025.
  • Over the latest 12 months it came to −MVR 1.05 billion, down MVR 684.4 million on the 12 months before.
  • The change on a year earlier averaged −MVR 668.4 million over the last three months, against −MVR 293 million in the three months before: the year-on-year decline has deepened.

Long term

The record as a whole
  • It has averaged −MVR 281.3 million over the past five years and −MVR 233.8 million over ten; the latest figure is MVR 908.8 million above the five-year average.

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.
  • This series takes negative values (a deficit or a net outflow), so changes are given as amounts; a percentage change from a negative base has no meaning.
  • 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 Primary balance (surplus / deficit)
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 Primary balance (surplus / deficit)
Jul 2026MVR 627.5 million+MVR 37 million
Jun 2026−MVR 690.2 million−MVR 1 billion
May 2026−MVR 1.23 billion−MVR 1.04 billion
Apr 2026−MVR 276.2 million−MVR 599.9 million
Mar 2026MVR 1.1 billion−MVR 329.9 million
Feb 2026MVR 376.6 million+MVR 50.9 million
Jan 2026MVR 2 billion+MVR 472.4 million
Dec 2025−MVR 1.22 billion+MVR 1.14 billion
Nov 2025−MVR 744.4 million+MVR 43.5 million
Oct 2025−MVR 1.04 billion−MVR 452.9 million
Sep 2025MVR 193.8 million+MVR 707.7 million
Aug 2025−MVR 141.4 million+MVR 289.3 million
Jul 2025MVR 590.5 million+MVR 502.1 million
Jun 2025MVR 311.4 million+MVR 486.7 million
May 2025−MVR 189.2 million+MVR 1.01 billion
Apr 2025MVR 323.7 million+MVR 791 million
Mar 2025MVR 1.43 billion+MVR 1.88 billion
Feb 2025MVR 325.7 million+MVR 833.7 million
Jan 2025MVR 1.52 billion+MVR 244.7 million
Dec 2024−MVR 2.36 billion−MVR 791.4 million
Nov 2024−MVR 788 million+MVR 366 million
Oct 2024−MVR 585.4 million−MVR 240.6 million
Sep 2024−MVR 513.9 million+MVR 32.6 million
Aug 2024−MVR 430.6 million+MVR 1.13 billion
Jul 2024MVR 88.4 million−MVR 746.2 million
Jun 2024−MVR 175.3 million−MVR 71.8 million
May 2024−MVR 1.2 billion−MVR 599.8 million
Apr 2024−MVR 467.3 million+MVR 46.2 million
Mar 2024−MVR 456.4 million+MVR 282.6 million
Feb 2024−MVR 508 million−MVR 156.8 million

Sorted by Period, descending.

About this series

Source
Ministry of Finance and Planning
Published by
MMA Statistics Database, series 2074
MMA table
Fiscal Sector › Monthly Fiscal Developments
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.