State-Owned Enterprises
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NewsMVR 12.6 billion spent on SOEs over three years
The state injected MVR 12.6 billion into State-Owned Enterprises over three years, exceeding initial budgets by MVR 7.1 billion. While spending peaked last year at MVR 6.2 billion, the Finance Ministry projects a decrease to MVR 1.98 billion next year. Efforts are underway to streamline operations and reduce these consistent overruns.
BusinessBudget 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.
