The government has spent a total of MVR 1 billion so far this year towards loan repayment.
According to the Finance Ministry, 49 percent of the MVR 2.1 billion allocated in this year's budget for loan repayment has been utilized as of June 8.
The government's loan repayment expenditure this year was 38 percent lower than the same period last year. Last year, during the same period, the government expended MVR 1.6 billion for loan repayments, while MVR 19.6 billion has been disbursed thus far this year.
Of this amount, MVR 4.9 billion was spent on salaries and allowances, while administrative and operating expenses amounted to MVR 8.2 billion. Additionally, MVR 5 billion was spent on development projects under the Public Sector Investment Program (PSIP).
