State projected to earn MVR 31 million from traffic violation charges

The State is projected to earn MVR 31 million from traffic violation charges in 2020.

The proposed state budget for 2020 shows the state expects to earn MVR 169.7 million from fines; MVR 83 million from fines imposed for violation of law, MVR 30 million from fined imposed for violation of regulations, and MVR 11 million from fines imposed for violation of contracts.

It also expects to earn MVR 800,000 from late fines on public servants, MVR 166,869 from debt and court fines, MVR 31 million from traffic violation charges, and MVR 400,000 from other fines.

The proposed budget for 2020 is MVR 37.5 billion, and the projected income and financial grants is MVR 29.92 billion – meaning a deficit of MVR 5.68 billion.

INCOME BREAKDOWN:

• Tax income: MVR 17.85 billion
• Non-tax income: MVR 6.85 billion
• Grants and other income: MVR 5.22 billion