Nearly half the government's debt comes due within a year

Published analysis

Read the full article on Maldives News: Nearly half the government’s debt comes due within a year

Standfirst. The Q2 debt bulletin shows 45.7% of government debt must be repaid or refinanced within 12 months, with T-bills alone at MVR 54.4bn.

Key facts

45.7% of government debt matures or needs refinancing within 12 months, per the Finance Ministry’s Q2 2026 debt statistics as reported by Atoll Times on 21 August.
External debt fell from MVR 62.7bn to MVR 55.4bn in the quarter the government settled its USD 500m sukuk; domestic debt stands at MVR 97.3bn, of which treasury bills alone are MVR 54.4bn.
Total state debt: MVR 133.6bn direct plus MVR 19.1bn guaranteed, put at MVR 152.7bn by Atoll Times but MVR 154.85bn by Corporate Maldives from the same release; the ministry’s website was unreachable, so neither total is settled.
State debt equals 122.7% of GDP per the bulletin as reported.
The public reporting shows no schedule inside the 12 months: which instruments fall due when, or who holds them.
The ministry’s next weekly fiscal update is due Sunday 23 August.