News Treasury bills / MVR 1.8 billion Maldives Impact 6.0/10 2 min read

Government to Issue Treasury Bills Worth MVR 1.8 Billion

The government will issue Treasury Bills worth MVR 1.8 billion to cover expenditure. The Ministry of Finance will issue bills of various maturities with interest rates between 3.50% and 4.60%. The state faces a MVR 16.31 billion deficit in 2024, with budget deficit at MVR 14.08 billion and principal repayments of MVR 2.23 billion. The ministry plans to raise MVR 3.95 billion domestically and MVR 12.36 billion externally. A RFP for up to US$550 million was issued in January.

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Maldives Republic

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Published

Mar 6, 2024

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📋 Story Brief

The government will issue Treasury Bills worth MVR 1.8 billion to cover expenditure. The Ministry of Finance will issue bills of various maturities with interest rates between 3.50% and 4.60%. The state faces a MVR 16.31 billion deficit in 2024, with budget deficit at MVR 14.08 billion and principal repayments of MVR 2.23 billion. The ministry plans to raise MVR 3.95 billion domestically and MVR 12.36 billion externally. A RFP for up to US$550 million was issued in January.

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This story involves 1 source and may affect public understanding of treasury bills / mvr 1.8 billion.

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14:15

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Maldives Republic

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