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Domestic Debt Increased More Than MVR 11 Billion Over Past Year

Government borrowing from the domestic market rose by more than MVR 11 billion over the past year, with 99 percent of the increase in debt coming from the domestic market. The rise is a concern to the MMA and the Auditor General's Office, as increased state exposure with commercial banks reduces funds available to lend to businesses.

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Sources 1carried it 1 of 19 news outlets we monitor
Figures9as 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.

How the reporting differs

one source so far

Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.

Figures in these reports

as written, with the sentence they come from
  • MVR 77.3 billion Total treasury bills and bonds sold in domestic and foreign markets Maldives Republic the total amount of treasury bills (T-bills) and bonds sold in the domestic and foreign markets as of 20 November 2023 stood at MVR 77.3 billion

    Word for word from the report in Maldives Republic. Open the report

  • MVR 88.8 billion Total treasury bills and bonds sold in domestic and foreign markets Maldives Republic However, the figure as of 18 November 2024, had risen to MVR 88.8 billion.

    Word for word from the report in Maldives Republic. Open the report

  • 99 percent Share of debt increase from the domestic market Maldives Republic During this period, 99 percent of the increase in debt came from the domestic market — amounting to MVR 11.4 billion.

    Word for word from the report in Maldives Republic. Open the report

  • MVR 11.4 billion Increase in domestic market debt Maldives Republic During this period, 99 percent of the increase in debt came from the domestic market — amounting to MVR 11.4 billion.

    Word for word from the report in Maldives Republic. Open the report

  • MVR 3.8 billion Increase in T-bill debt Maldives Republic T-bill debt increased by MVR 3.8 billion, while bond debt increased by MVR 3.6 billion.

    Word for word from the report in Maldives Republic. Open the report

  • MVR 3.6 billion Increase in bond debt Maldives Republic T-bill debt increased by MVR 3.8 billion, while bond debt increased by MVR 3.6 billion.

    Word for word from the report in Maldives Republic. Open the report

  • MVR 2.9 billion (US$189 million) Increase from USD T-bills and bonds Maldives Republic US Dollar (USD) T-bills and bonds sold added MVR 2.9 billion (US$189 million) to the debt over the year.

    Word for word from the report in Maldives Republic. Open the report

  • MVR 12 million Increase in foreign market debt Maldives Republic Debt to be repaid in the form of bonds and securities sold in the foreign market increased by MVR 12 million over the past year

    Word for word from the report in Maldives Republic. Open the report

  • MVR 3.9 billion Planned domestic market borrowing in National Budget 2024 Maldives Republic the administration had planned to raise MVR 3.9 billion from the domestic market this year.

    Word for word from the report in Maldives Republic. Open the report

Subjects

sectors and approved topics, alphabetical
Finance & bankingPublic finance & tax

Named in these reports

alphabetical
Auditor General's OfficeMaldives Monetary AuthorityMinistry of FinanceMohamed Muizzu