Government revenue and grants have reached USD 1.8 billion as of September 18, marking a 6.3 percent increase compared to the same period last year, according to the Ministry of Finance and Planning’s latest Weekly Fiscal Development Report.
The growth has been fueled primarily by stronger tax receipts and the continued expansion of the tourism sector. Taxes accounted for USD 1.4 billion, or 76.5 percent of total revenue so far in 2025, with several categories posting double-digit growth.
Following adjustments to tax rates, green tax collections more than doubled, rising 102.4 percent. Departure tax revenue climbed 51.1 percent, while personal income tax collections grew 15.7 percent.
Non-tax income also contributed to the positive performance. Extensions granted for resort development boosted tax and non-tax revenue by 13.7 percent. Airport development fees rose by 56.6 percent, reflecting a tourism sector that has welcomed over 1.6 million visitors this year — a 9.6 percent increase compared with the same period in 2024.
Additional gains came from land acquisition and conversion fees, lease period extension fees, and resort rental income, all of which supported the broader revenue increase.
Meanwhile, the Sovereign Development Fund has also strengthened, with deposits surging 49.8 percent to reach USD 97.3 million.
According to the Finance Ministry, the government has already achieved 68.8 percent of the annual revenue and grants target approved in the 2025 state budget, placing fiscal performance well on track with projections.
