Government Seeks MVR 2 Billion Through Treasury Bill Issue

The Ministry of Finance has issued Treasury Bills (T-bills) amounting to MVR 2 billion to cover government expenditure. The issue includes MVR 1.2 billion with a 36-day maturity, MVR 160 million for 92 days, MVR 195.2 million for 182 days, and MVR 566 million for 372 days, with interest rates ranging from 3.50% to 4.60%. T-bills are sold to pension funds, banks, and companies. According to the Annual Borrowing Plan, the state needs to cover a MVR 16.31 billion deficit in 2024, including the budget deficit of MVR 14.08 billion and principal repayments of MVR 2.23 billion.

The Ministry of Finance has issued Treasury Bills (T-bills) amounting to MVR 2 billion to cover government expenditure. The issue includes MVR 1.2 billion with a 36-day maturity, MVR 160 million for 92 days, MVR 195.2 million for 182 days, and MVR 566 million for 372 days, with interest rates ranging from 3.50% to 4.60%. T-bills are sold to pension funds, banks, and companies. According to the Annual Borrowing Plan, the state needs to cover a MVR 16.31 billion deficit in 2024, including the budget deficit of MVR 14.08 billion and principal repayments of MVR 2.23 billion.

The Ministry of Finance has issued Treasury Bills (T-bills) amounting to MVR 2 billion to cover government expenditure. The issue includes MVR 1.2 billion with a 36-day maturity, MVR 160 million for 92 days, MVR 195.2 million for 182 days, and MVR 566 million for 372 days, with interest rates ranging from 3.50% to 4.60%. T-bills are sold to pension funds, banks, and companies. According to the Annual Borrowing Plan, the state needs to cover a MVR 16.31 billion deficit in 2024, including the budget deficit of MVR 14.08 billion and principal repayments of MVR 2.23 billion.

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