MVR 10bn – 68% of revenue - spent on loan repayments

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The state has spent over MVR 10 billion on loan repayments and financing and interest costs, according to the latest weekly fiscal report released by the Finance Ministry. The report, released on Tuesday, shows the Maldives secured MVR 15.4 billion in revenue and grants as of April 30. The MVR 10 billion on loan repayments and financing and interest costs therefore accounts