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State debt stood at MVR 126 billion at the end of Q1 2024, about MVR 1.3 billion higher than Q4 2023, as domestic debt rose while external debt fell to MVR 51.6 billion from MVR 51.7 billion. Debt-to-GDP fell from 116.5 percent at the end of Q4 2023 to 110.1 percent at the end of Q1 2024.
Sources1carried itMR1 of 19 news outlets we monitor
Figures8as written, with their sentences
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.
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Figures in these reports
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MVR 126 billionTotal state debtMaldives RepublicState debt stood at MVR 126 billion at the end of the first quarter (Q1) this year, the Ministry of Finance data revealed — an increase of approximately MVR 1.3 billion compared to 2023’s fourth quarter (Q4).
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approximately MVR 1.3 billionIncrease in total debt versus previous quarterMaldives Republican increase of approximately MVR 1.3 billion compared to 2023’s fourth quarter (Q4).
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MVR 112 billionGovernment debtMaldives Republictotal debt was made up of Government debt; at MVR 112 billion, and Sovereign guarantees; at MVR 14 billion.
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MVR 14 billionSovereign guaranteesMaldives Republictotal debt was made up of Government debt; at MVR 112 billion, and Sovereign guarantees; at MVR 14 billion.
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MVR 51.7 billionExternal debt (previous quarter)Maldives Republicexternal debt fell to MVR 51.6 billion; down from MVR 51.7 billion in Q4 of 2023.
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116.5 percentDebt-to-GDP ratioMaldives Republicdebt stood at 116.5 percent of GDP at the end of Q4 2023, however, falling to 110.1 percent at the end of Q1 2024.
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110.1 percentDebt-to-GDP ratioMaldives Republicdebt stood at 116.5 percent of GDP at the end of Q4 2023, however, falling to 110.1 percent at the end of Q1 2024.
Word for word from the report in Maldives Republic. Open the report