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Claims on central government

Borrowings of the Central Government by OwnershipMonthlyRufiyaa (MVR)

Latest
MVR 96.18bn
Jun 2026
On a year earlier
+12.4%
same period last year
Trend growth, 10 years
17% a year
least-squares fit, R² 0.97

The whole record

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Source: Maldives Monetary Authority; Ministry of Finance and Planning, via the Maldives Monetary Authority statistics database.

What the numbers say

Short term

The latest readings
  • The latest figure is MVR 96.18 billion for Jun 2026, up 0.4% from May 2026 and up 12.4% on the same month a year earlier.
  • The change on a year earlier averaged +12.8% over the last three months, against +9.4% in the three months before: the year-on-year pace has picked up.

Long term

The record as a whole
  • Trend growth over the past 10 years is 17% a year (least-squares fit on the logarithm; R² 0.97, a close fit, so the series has followed a steady path).
  • Measured end to end, compound growth is 14.9% a year over five years and 14.6% a year over ten.
  • The record high was MVR 96.31 billion in Apr 2026; the latest is 0.1% below it.
  • Year-on-year growth has typically varied by about 3.8 percentage points (one standard deviation) over the past five years.

How to read this series

Domestic borrowing. Who holds the government’s domestic debt, and the treasury bills issued, repaid and outstanding each month. Treasury bills are short-term borrowing that must be rolled over, so the outstanding amount and its maturity mix show how much refinancing is always due.

  • Shown in current prices (nominal). Part of any long-run rise reflects inflation rather than a larger real amount.
  • A stock: it is the amount outstanding at the end of each month, not activity during it, so periods are never added together.
  • Recent periods are often revised as fuller data arrive. The version comparison below shows what MMA has changed since this site began keeping copies.

Terms such as percentage points, flows and stocks, and trend growth are explained in How to read the tracker.

What is driving it

How much each component added to, or took from, the total’s growth on a year earlier.

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Each bar segment is a component’s change over the year as a share of the total a year earlier, in percentage points; the segments add up to the line. Calculation by Good Morning Maldives from MMA data.
Components of Claims on central government
Outstanding treasury bills and Islamic instrumentsMVR 54.36bn
Outstanding treasury bondsMVR 41.76bn
Outstanding loans and advancesMVR 62m

Revisions

This site holds one version of this series so far, first stored on 6 Oct 2026. Each time MMA adds a period or revises a past figure, a new version is kept alongside the old one and the two are charted against each other here.

Stored versions of Claims on central government
VersionStoredMMA updatedCoversAddedRevisedRemoved
1 (current)6 Oct 20269 Aug 2026Dec 2001 – Jun 2026———

Sorted by Version, descending.

All figures

Every period on record, newest first. Sort by any column, filter, copy the table or download it as CSV.

Every observation of Claims on central government
Jun 2026MVR 96.18 billion+12.4%
May 2026MVR 95.79 billion+12.9%
Apr 2026MVR 96.31 billion+13.2%
Mar 2026MVR 90.15 billion+6.4%
Feb 2026MVR 89.82 billion+9.6%
Jan 2026MVR 91.34 billion+12.2%
Dec 2025MVR 90.36 billion+11.3%
Nov 2025MVR 90.05 billion+11.3%
Oct 2025MVR 87.95 billion+9.4%
Sep 2025MVR 87.32 billion+9.7%
Aug 2025MVR 87.16 billion+10.9%
Jul 2025MVR 86.17 billion+11.9%
Jun 2025MVR 85.6 billion+11.9%
May 2025MVR 84.85 billion+12.0%
Apr 2025MVR 85.1 billion+14.2%
Mar 2025MVR 84.73 billion+14.3%
Feb 2025MVR 81.93 billion+13.9%
Jan 2025MVR 81.43 billion+13.7%
Dec 2024MVR 81.18 billion+12.3%
Nov 2024MVR 80.94 billion+14.3%
Oct 2024MVR 80.4 billion+15.0%
Sep 2024MVR 79.58 billion+15.7%
Aug 2024MVR 78.6 billion+16.8%
Jul 2024MVR 77.03 billion+14.9%
Jun 2024MVR 76.48 billion+13.5%
May 2024MVR 75.76 billion+13.9%
Apr 2024MVR 74.5 billion+12.8%
Mar 2024MVR 74.11 billion+15.1%
Feb 2024MVR 71.94 billion+14.2%
Jan 2024MVR 71.63 billion+15.6%

Sorted by Period, descending.

About this series

Source
Maldives Monetary Authority; Ministry of Finance and Planning
Published by
MMA Statistics Database, series 2185
MMA table
Fiscal Sector › Borrowings of the Central Government by Ownership
Coverage
Dec 2001 to Jun 2026 · 295 observations
MMA updated
9 Aug 2026
Last checked
22 Oct 2026

The analysis is calculated by Good Morning Maldives from the published figures; it describes the data and is not a forecast.

Claims on central government (Borrowings of the Central Government by Ownership) — Maldives economy tracker · Good Morning Maldives