Government has cleared USD 1.2 billion in legacy debt: President

President Dr Mohamed Muizzu announced that the current administration has repaid USD 1.2 billion in legacy debt over the past two and a half years, detailing amounts by period of accumulation. He noted that the debt-to-GDP ratio fell from 123.6% to 121.2%. The President spoke at a PNC event in Dhaalu Meedhoo celebrating the party's victory in the Meedhoo Council election. He emphasized the scale of inherited financial burden and ongoing efforts to address debt obligations while maintaining economic stability.

President Dr Mohamed Muizzu announced that the current administration has repaid USD 1.2 billion in legacy debt over the past two and a half years, detailing amounts by period of accumulation. He noted that the debt-to-GDP ratio fell from 123.6% to 121.2%. The President spoke at a PNC event in Dhaalu Meedhoo celebrating the party's victory in the Meedhoo Council election. He emphasized the scale of inherited financial burden and ongoing efforts to address debt obligations while maintaining economic stability.

President Dr Mohamed Muizzu announced that the current administration has repaid USD 1.2 billion in legacy debt over the past two and a half years, detailing amounts by period of accumulation. He noted that the debt-to-GDP ratio fell from 123.6% to 121.2%. The President spoke at a PNC event in Dhaalu Meedhoo celebrating the party's victory in the Meedhoo Council election. He emphasized the scale of inherited financial burden and ongoing efforts to address debt obligations while maintaining economic stability.

This story involves 1 source and may affect public understanding of legacy debt / government achievement.