MVR 6.7B collected as TGST, marking 7.7% increase

9 hours ago

The latest Weekly Fiscal Developments report released by the Finance Ministry has highlighted an increase in Tourism Goods and Services Tax (TGST) revenue, alongside a notable increase in government expenditure on subsidies and block grants provided to local councils. The report, which covers fiscal developments up to May 16, identifies TGST as the primary contributor to the growth in state revenue