Maldives’ Debt Repayments Surpass MVR 2 Billion Mark

The Maldives spent MVR 2.07 billion on loan payments this year, according to the Ministry of Finance's Weekly Fiscal Development Report. The latest payment was made on 14 November. Loan repayments were MVR 1.94 billion in the same period last year. Of the MVR 55 billion budget, MVR 42.4 billion has been exhausted. Expenditure includes MVR 11.2 billion for salaries, MVR 16.8 billion for administrative/operating costs, and MVR 8.7 billion for PSIP projects. Revenue totalled MVR 29.5 billion, including MVR 22.5 billion in taxes and MVR 6.4 billion in non-tax revenue, plus MVR 565 million in grants.

The Maldives spent MVR 2.07 billion on loan payments this year, according to the Ministry of Finance's Weekly Fiscal Development Report. The latest payment was made on 14 November. Loan repayments were MVR 1.94 billion in the same period last year. Of the MVR 55 billion budget, MVR 42.4 billion has been exhausted. Expenditure includes MVR 11.2 billion for salaries, MVR 16.8 billion for administrative/operating costs, and MVR 8.7 billion for PSIP projects. Revenue totalled MVR 29.5 billion, including MVR 22.5 billion in taxes and MVR 6.4 billion in non-tax revenue, plus MVR 565 million in grants.

The Maldives spent MVR 2.07 billion on loan payments this year, according to the Ministry of Finance's Weekly Fiscal Development Report. The latest payment was made on 14 November. Loan repayments were MVR 1.94 billion in the same period last year. Of the MVR 55 billion budget, MVR 42.4 billion has been exhausted. Expenditure includes MVR 11.2 billion for salaries, MVR 16.8 billion for administrative/operating costs, and MVR 8.7 billion for PSIP projects. Revenue totalled MVR 29.5 billion, including MVR 22.5 billion in taxes and MVR 6.4 billion in non-tax revenue, plus MVR 565 million in grants.

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