The Ministry of Finance and Public Enterprises announced four treasury bills to raise about MVR 3.2 billion to help meet public expenditure and finance the budget deficit. Minister Hassan Zareer projected a 2026 deficit of MVR 7.6 billion and a 2027 deficit of MVR 9.4 billion.
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The Government · bring the overall deficit down to 5 per cent of GDP
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The Government plans to raise approximately MVR 3.2 billion through four treasury bills announced by the Ministry of Finance and Public Enterprises to help meet public expenditure.
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The 28-day bill is worth MVR 1.32 billion, followed by MVR 70.2 million over 98 days and MVR 50 million over 188 days.
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The 28-day bill is worth MVR 1.32 billion, followed by MVR 70.2 million over 98 days and MVR 50 million over 188 days.
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The 28-day bill is worth MVR 1.32 billion, followed by MVR 70.2 million over 98 days and MVR 50 million over 188 days.
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The largest, worth MVR 1.76 billion, matures after 364 days.
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Banks, public companies, the Maldives Pension Administration Office and private companies hold treasury bills in the Maldives, where rates range from 3.50 to 4.60 per cent.
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Minister of Finance and Public Enterprises Hassan Zareer projected an overall deficit of MVR 7.6 billion for 2026, or 6.2 per cent of gross domestic product (GDP), when he presented the proposed 2027 budget.
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Minister of Finance and Public Enterprises Hassan Zareer projected an overall deficit of MVR 7.6 billion for 2026, or 6.2 per cent of gross domestic product (GDP), when he presented the proposed 2027 budget.
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Earlier reports gave 6.2 per cent 30 Oct MM TV (English)
Minister Zareer put the primary balance, which excludes interest payments, at 2.5 per cent of GDP for 2026 and 3.4 per cent for 2027.
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Minister Zareer put the primary balance, which excludes interest payments, at 2.5 per cent of GDP for 2026 and 3.4 per cent for 2027.
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The Government aims to bring the overall deficit down to 5 per cent of GDP by the end of 2028, when spending under the Public Sector Investment Programme is projected to fall to 7 per cent of GDP.
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The Government aims to bring the overall deficit down to 5 per cent of GDP by the end of 2028, when spending under the Public Sector Investment Programme is projected to fall to 7 per cent of GDP.
Word for word from the report in MM TV (English). Open the report