Ministry of Finance statistics show the Maldives' total public debt, including guaranteed debt, reached MVR 118.9 billion, or 110.9 percent of GDP, as of September 2023. External debt stood at MVR 50.9 billion and domestic debt at MVR 66.3 billion, with per capita debt at about MVR 227,812.
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The Maldives’ public debt, inclusive of public guaranteed debt, rose to 110.9 percent of GDP as of September 2023 to MVR 118.9 billion, statistics show.
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The Maldives’ public debt, inclusive of public guaranteed debt, rose to 110.9 percent of GDP as of September 2023 to MVR 118.9 billion, statistics show.
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According to the latest census figures, the ‘per capita debt’ is at about MVR 227,812.
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Recent statistics show the government has an external debt of MVR 50.9 billion, while domestic debt stood at MVR 66.3 billion.
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Recent statistics show the government has an external debt of MVR 50.9 billion, while domestic debt stood at MVR 66.3 billion.
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Earlier reports gave USD 42 billion 30 Jun, 14:01 Maldives Republic
The government took out the highest amounts of loans due to the Covid-19 pandemic in 2020, having borrowed more than US$92 million in Covid emergency support funds.
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The direct government debt stood at MVR 103.6 billion, comprising MVR 14.7 billion as buyer’s credit, MVR 6.9 billion from multilateral sources, MVR 5 billion from bilateral sources, MVR 7.7 billion from others, and MVR 1.5 billion from private enterprises.
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The debt for which the government is responsible in terms of sovereign guarantees stood at MVR 15.2 billion, while government subsidiary loans stood at MVR 10.9 billion.
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The debt for which the government is responsible in terms of sovereign guarantees stood at MVR 15.2 billion, while government subsidiary loans stood at MVR 10.9 billion.
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The nation’s total debt currently stands at MVR 118.9 billion, according to statistics released by the Ministry of Finance.
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