The Ministry of Finance said the state has approved about MVR 300 million in treasury loans to state-owned enterprises so far this year, and warned that growing SOE debt and unpaid loans, fines and taxes weigh heavily on the state budget. SOEs have paid MVR 650 million in dividends this year, roughly half the estimated amount, while owing MVR 880 million in unpaid fines and taxes.
One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
The state has approved approximately MVR 300 million in treasury loans so far this year to meet the cash flow requirements of state-owned enterprises (SOEs), the Ministry of Finance has said.
Word for word from the report in Maldives Republic. Open the report
Treasury loans to SOEs this year were 80 percent higher than in the previous two years and 60 percent higher than in the two years prior to that.
Word for word from the report in Maldives Republic. Open the report
Treasury loans to SOEs this year were 80 percent higher than in the previous two years and 60 percent higher than in the two years prior to that.
Word for word from the report in Maldives Republic. Open the report
In 2022, the budget allocated MVR 50 million to assist in cash flow, whereas in 2021, MVR 200 million had been allocated, the ministry said.
Word for word from the report in Maldives Republic. Open the report
In 2022, the budget allocated MVR 50 million to assist in cash flow, whereas in 2021, MVR 200 million had been allocated, the ministry said.
Word for word from the report in Maldives Republic. Open the report
The government is currently owed MVR 865 million from loans issued to SOEs as budget support.
Word for word from the report in Maldives Republic. Open the report
The total loan disbursement for SOE projects stands at MVR 1.1 billion, with the most significant amounts issued to Maldives Airports Company Limited (MACL), Urbanco, and Fahi Dhiriulhun Corporation (FCD).
Word for word from the report in Maldives Republic. Open the report
SOEs have paid out MVR 650 million in dividends this year, approximately half the estimated amount.
Word for word from the report in Maldives Republic. Open the report
Additionally, SOEs also owe MVR 880 million in unpaid fines and taxes.
Word for word from the report in Maldives Republic. Open the report