As per the financial report compiled by the Parliament, Maldives debt has risen over 172 billion Rufiyaa between 2012 - 2018.
The financial report was compiled referring to the information given by the Finance Ministry, and the compiled financial report was then presented to the Parliament Committee.
Debt details in between 2012- 2018 are as follows as per the financial report;
- Foreign Loans: 13،079،356.45
- Loans from International Organisations: 12،943،170،194.76
- State guarantees are given for the state-owned companies: 41،100،330،594.52
- Unpaid bills by the state and state-owned companies: 5،418،217،200.28
- Overdraft amount from the state-owned companies: 78،759،180.74
- Loans from MMA, Purchased bonds and Treasury bills: 7،410،091،183.32
- T-Bill and Bonds sold from the state: 91،989،000،000.00
- The total of the state in debt: 172،019،077،710.06
Presenting the compiled report on the financial debt, Speaker of the Parliament, Mr. Nasheed said that the loans taken were followed by the laws and guidelines. Although, 2 loans taken were taken against the laws.
Meanwhile, following the presentation of the compiled report, arguments were heated up between the parliament members representing the ruling party; where MP Ibrahim Shareef accused the parliament of mocking the state by elaborating the debt, while some stood up against him.
The financial report was compiled referring to the information given by the Finance Ministry, and the compiled financial report was then presented to the Parliament Committee.
Debt details in between 2012- 2018 are as follows as per the financial report;
- Foreign Loans: 13،079،356.45
- Loans from International Organisations: 12،943،170،194.76
- State guarantees are given for the state-owned companies: 41،100،330،594.52
- Unpaid bills by the state and state-owned companies: 5،418،217،200.28
- Overdraft amount from the state-owned companies: 78،759،180.74
- Loans from MMA, Purchased bonds and Treasury bills: 7،410،091،183.32
- T-Bill and Bonds sold from the state: 91،989،000،000.00
- The total of the state in debt: 172،019،077،710.06
Presenting the compiled report on the financial debt, Speaker of the Parliament, Mr. Nasheed said that the loans taken were followed by the laws and guidelines. Although, 2 loans taken were taken against the laws.
Meanwhile, following the presentation of the compiled report, arguments were heated up between the parliament members representing the ruling party; where MP Ibrahim Shareef accused the parliament of mocking the state by elaborating the debt, while some stood up against him.
