MVR 1.3 bln received as rent from resorts

Finance Ministry has revealed that the state received MVR 1.3 billion as rent from resorts.

The Weekly Fiscal Development Report publicized by the Finance Ministry showed while MVR 1.8 billion is estimated to be received as rent from resorts this year, MVR 1.3 billion has been received thus far.

Resorts paid MVR 4.4 billion as TGST, which is MVR 5 billion less than the estimated figure.

150 resorts are currently in operation in Maldives. 20 new resorts were opened this year.