“Excluding sukuk and bond repayments, the 2026 budget is just MVR 55 billion” President Muizzu clarifies

President Dr Mohamed Muizzu clarified on social media that the 2026 budget is smaller than last year's once debt repayments are excluded. The total budget is MVR 64.2 billion, but after removing MVR 9.3 billion for sukuk and bond repayments, the core budget is MVR 55 billion. Revenue for 2026 is projected at MVR 40.2 billion. The deficit is MVR 9.4 billion. GDP growth is expected at 5.2%. Recurrent expenditure is MVR 39.9 billion (62% of budget). The government expects MVR 2.3 billion in airport development fees. The president emphasized fiscal responsibility.

President Dr Mohamed Muizzu clarified on social media that the 2026 budget is smaller than last year's once debt repayments are excluded. The total budget is MVR 64.2 billion, but after removing MVR 9.3 billion for sukuk and bond repayments, the core budget is MVR 55 billion. Revenue for 2026 is projected at MVR 40.2 billion. The deficit is MVR 9.4 billion. GDP growth is expected at 5.2%. Recurrent expenditure is MVR 39.9 billion (62% of budget). The government expects MVR 2.3 billion in airport development fees. The president emphasized fiscal responsibility.

President Dr Mohamed Muizzu clarified on social media that the 2026 budget is smaller than last year's once debt repayments are excluded. The total budget is MVR 64.2 billion, but after removing MVR 9.3 billion for sukuk and bond repayments, the core budget is MVR 55 billion. Revenue for 2026 is projected at MVR 40.2 billion. The deficit is MVR 9.4 billion. GDP growth is expected at 5.2%. Recurrent expenditure is MVR 39.9 billion (62% of budget). The government expects MVR 2.3 billion in airport development fees. The president emphasized fiscal responsibility.

This story involves 1 source and may affect public understanding of debt / fiscal discipline.