Outstanding government securities in domestic and foreign markets exceeded MVR 100 billion, reaching MVR 100.4 billion by the end of January, according to Ministry of Finance data. Over 90 per cent is domestic debt, which has grown by more than MVR 20 billion since President Mohamed Muizzu took office, while external debt has remained unchanged since November 2023.
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More than 90 per cent of the total is owed on treasury bills, bonds and Islamic instruments issued in the domestic market.
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Foreign securities debt includes a USD 100 million bond rolled over from the Abu Dhabi Fund and a USD 500 million sukuk due in April.
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a USD 500 million sukuk due in April.
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Analysts say domestic securities have risen by more than MVR 20 billion since Muizzu assumed office.
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while total public debt — including foreign loans and government-guaranteed loans – stood at MVR 158 billion.
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The government has not issued new securities to foreign markets since November 2023. As a result, external securities debt has remained unchanged since President Mohamed Muizzu took office.
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