Official reserves projected to rise to USD 903M

3 days ago

The central bank’s official reserves will rise to USD 903 billion next year, projects the Finance Ministry. The Finance Ministry on Thursday submitted a proposed budget of MVR 64.2 billion for 2026 – marking the highest annual budget on record. This high figure is mostly due to the staggering debt obligations due next year. Key budget highlights: Budget total: MVR 64.2 billion Expenditure: MVR