The Ministry of Finance has revealed that state revenue from airport taxes and fees has increased, reaching MVR 3.3 billion.

According to the Weekly Fiscal Development statistics released by the Ministry of Finance, this figure marks an increase compared to the same period last year. Specifically, by October 29 of this year, revenue generated from departure tax stood at MVR 1.64 billion, representing a 6.4 percent increase compared to the MVR 1.54 billion recorded during the same period last year.

Revenue collected through the Airport Development Fee also saw an increase during this period, with the state receiving MVR 1.68 billion, compared to MVR 1.56 billion in the corresponding period last year, marking a 7.6 percent increase. Consequently, total revenue collected by the state through the Airport Development Fee and departure tax reached MVR 3.32 billion by the 29th of last month, up from MVR 3.11 billion collected during the same period last year.

Departure tax collection began on January 1, 2022, while the Airport Development Fee is levied on every passenger departing from Velana International Airport, having been implemented on May 1, 2017.