The Public Ledger

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Public debt

Central-government and publicly guaranteed debt, published statistics from MMA.

Public & publicly guaranteed debt
152.78 bn
MVR, as at Jun 2026
Debt, % of GDP
122.7%
as published by MMA, Jun 2026

Government debt over time

Quarterly, millions of MVR. Domestic + external = total (central government and guaranteed).

0 m40.69 bn81.38 bn122.08 bn162.77 bn202120222023202420252026
TotalDomesticExternal

Treasury bills outstanding

Monthly, millions of MVR (Table 6.7).

0 m14.27 bn28.54 bn42.81 bn57.08 bn202420252026
T-bills & Islamic instruments outstanding

Who holds the domestic debt i

Domestic claims on central government by creditor, as at Jun 2026. Banks and the pension fund (inside “other financial corporations”) are the largest domestic lenders; the central bank's share is direct monetary financing.

Commercial banks MVR 43.59 bn · 45%
Other financial corp. MVR 32.07 bn · 33%
Central bank (MMA) MVR 14.05 bn · 15%
Public enterprises MVR 6.09 bn · 6%
Private sector MVR 386 m · 0%

By instrument

The same domestic debt split by instrument, as at Jun 2026. Treasury bonds are longer-dated; bills roll over short-term, so a larger bill share means more frequent refinancing.

Treasury bills & Islamic MVR 54.36 bn · 57%
Treasury bonds MVR 41.76 bn · 43%
Loans & advances MVR 62 m · 0%