The Public Ledger

Loading data…

Public debt

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

Public & publicly guaranteed debt
154.85 bn
MVR, as at Mar 2026
Debt, % of GDP
124.4%
as published by MMA, Mar 2026

Government debt over time

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

0 m40.69 bn81.37 bn122.06 bn162.74 bn202120222023202420252026
TotalDomesticExternal

Treasury bills outstanding

Monthly, millions of MVR (Table 6.7).

0 m14.00 bn28.00 bn42.01 bn56.01 bn202420252026
T-bills & Islamic instruments outstanding

Who holds the domestic debt i

Domestic claims on central government by creditor, as at Apr 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 44.20 bn · 46%
Other financial corp. MVR 30.94 bn · 32%
Central bank (MMA) MVR 14.09 bn · 15%
Public enterprises MVR 6.70 bn · 7%
Private sector MVR 370 m · 0%

By instrument

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

Treasury bills & Islamic MVR 53.34 bn · 55%
Treasury bonds MVR 42.90 bn · 45%
Loans & advances MVR 63 m · 0%