Ministry of Finance has revealed that the state's total debt has reached MVR 65 billion.
In the six months up to June 2019, total debt increased by MVR 4.5 million, with the increase largely coming from guaranteed debt. External debt increased by 5% during the six months, while domestic debt increased by 7% and guaranteed debt increased by 14%.
The increase in external debt is mainly due to disbursements made for the Velana International Airport (VIA) development project, said Finance Ministry.
The increase in external debt is mainly due to disbursements made for the Velana International Airport (VIA) development project, said Finance Ministry.
