Debt to hit 117% of GDP next year: Saruvash

8 hours ago

The government's proposed state budget for 2027 places the Maldives on an unsustainable debt trajectory and fails to introduce meaningful fiscal reforms, opposition MDP macroeconomic committee member Ahmed Saruvash Adam said on Tuesday. Finance Minister Hassan Zareer unveiled the proposed MVR 59.7 billion state budget on October 29. Under the budget, direct public debt is projected to rise to 117 percent