Finance Ministry

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Budget 2027: Domestic debt projected to surpass MVR 100 billion

The Maldives' domestic debt is projected to exceed MVR 100 billion by the end of this year, driven by heavy reliance on the domestic market for financing. Government estimates show debt rising to MVR 108.1 billion by late 2025. This year marks the highest borrowing period for the current administration to meet its fiscal needs.

9 hours ago

Business

Addu Airport Company's losses climb to MVR 817 million

Addu International Airport Company’s total losses have reached MVR 817 million, resulting in a negative net worth. Despite a threefold increase in revenue from fuel sales, soaring operating costs and regulatory fines led to a MVR 68 million loss last year. The company remains operational through loans from the government and Kasa Holdings.

6 days ago

News

Latest

Budget 2027: Domestic debt projected to surpass MVR 100 billion

Addu Airport Company's losses climb to MVR 817 million

Government slashes MVR 74 million from Male' City Council

Government revenue exceeds MVR 30 billion

TGST declines due to low tourist arrivals

Subsidy spending hits MVR 4.1 billion

Eagle Hills units to be funded by forfeiting future state revenue

State will bear no costs on housing units by Abu Dhabi developer

Government settles final $50 million debt to SBI

More than 60,000 people earn a monthly income of over MVR 60,000

Debt nears MVR 100 billion as domestic borrowing surges

USD 1.5 billion framework agreement signed with ITFC

Male’ Mayor warns of service collapse following grant cuts

Securities debt surpasses MVR 100 billion with Pension Fund bond

Zariyand question fiscal policies with record USD inflows

Govt takes USD 80 million in loans for fuel imports and harbors

Shahid slams new units as pretext for more political jobs

Muizzu denies political targeting in SOE layoffs

Govt says domestic debt will decrease after "reform" effort

Hanimaadhoo projects at risk as funds diverted to Hirimaradhoo