GST growth drives 11% increase in state revenue

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GST revenue has increased by 10 percent this year compared to the same period last year, while total state revenue has grown by 11 percent, according to the Finance Ministry’s latest weekly fiscal report. As of July 23, GST collection stood at MVR 9.96 billion, up from MVR 9.09 billion recorded during the same period last year, a 9.7 percent increase.