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T-bills outstanding

Summary of Treasury Bills and Islamic InstrumentsMonthlyRufiyaa (MVR)

Latest
MVR 54.36bn
Jun 2026
On a year earlier
+11.1%
same period last year
Trend growth, 10 years
18.1% 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 54.36 billion for Jun 2026, up 0.9% from May 2026 and up 11.1% on the same month a year earlier.
  • The change on a year earlier averaged +11.1% over the last three months, against +8.7% 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 18.1% 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 15.2% a year over five years and 14.9% a year over ten.
  • The latest figure is the highest on record.
  • Year-on-year growth has typically varied by about 6.1 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.

MMA’s note: Value of treasury bills issued but not yet paid back

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 T-bills outstanding
Outstanding 1 Month Treasury BillsMVR 5.17bn
Outstanding 3 Month Treasury BillsMVR 3.85bn
Outstanding 6 Month Treasury BillsMVR 3.89bn
Outstanding 9 Month Treasury BillsMVR 0
Outstanding 1 Year Treasury BillsMVR 41.45bn

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 T-bills outstanding
VersionStoredMMA updatedCoversAddedRevisedRemoved
1 (current)6 Oct 20269 Aug 2026Sep 2006 – 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 T-bills outstanding
Jun 2026MVR 54.36 billion+11.1%
May 2026MVR 53.86 billion+11.4%
Apr 2026MVR 53.34 billion+10.9%
Mar 2026MVR 51.14 billion+5.5%
Feb 2026MVR 50.8 billion+8.7%
Jan 2026MVR 52.25 billion+12.0%
Dec 2025MVR 52.27 billion+11.9%
Nov 2025MVR 50.65 billion+7.8%
Oct 2025MVR 48.96 billion+5.5%
Sep 2025MVR 48.32 billion+5.2%
Aug 2025MVR 50.05 billion+11.4%
Jul 2025MVR 49.04 billion+13.0%
Jun 2025MVR 48.94 billion+13.4%
May 2025MVR 48.35 billion+12.8%
Apr 2025MVR 48.1 billion+15.6%
Mar 2025MVR 48.48 billion+16.9%
Feb 2025MVR 46.75 billion+16.5%
Jan 2025MVR 46.66 billion+17.0%
Dec 2024MVR 46.71 billion+14.4%
Nov 2024MVR 46.99 billion+16.6%
Oct 2024MVR 46.42 billion+16.1%
Sep 2024MVR 45.93 billion+17.5%
Aug 2024MVR 44.95 billion+20.2%
Jul 2024MVR 43.42 billion+13.3%
Jun 2024MVR 43.16 billion+7.9%
May 2024MVR 42.87 billion+12.3%
Apr 2024MVR 41.6 billion+10.4%
Mar 2024MVR 41.49 billion+11.8%
Feb 2024MVR 40.12 billion+8.1%
Jan 2024MVR 39.88 billion+10.4%

Sorted by Period, descending.

About this series

Source
Maldives Monetary Authority; Ministry of Finance and Planning
Published by
MMA Statistics Database, series 2213
MMA table
Fiscal Sector › Summary of Treasury Bills and Islamic Instruments
Coverage
Sep 2006 to Jun 2026 · 238 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.