Company
State Bank of India
In the news, last 90 days
Economy
Budget 2027: Debt repayments projected to fall by 62%
The proposed State Budget 2027, submitted to Parliament on 29 October, projects state debt repayments to fall 62% to MVR 4.46 billion, down from MVR 11.74 billion estimated for 2026. The Government attributes the decline to major debt settled during 2026, including a USD 500 million sukuk repayment in April, without additional borrowing to finance those repayments.
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