මාතෘකා
ගවේෂණය කරන්න
විදසුන්
Maldives debtMaldives debt continues to rise at critical levels continues to rise at critical levels
The Maldives faces a significant economic challenge, with public debt reaching an alarming 134% of its GDP in 2024—a level widely regarded as dangerously high. This comes despite healthy real GDP growth of around five percent. Historically, the Maldives kept its debt well below this threshold. That changed in 2020, when the Covid-19 pandemic triggered a sharp deterioration. The debt-to-GDP ratio almost doubled, rising from 77 percent in 2019 to 152 percent in 2020. Two factors drove this surge. First, GDP—the denominator in the ratio—contracted by 35 percent. Second, public debt—the numerator—increased by 28 percent as the government borrowed to fund higher spending and offset collapsing revenues. As the economy rebounded and GDP normalised in 2021, the debt ratio fell to 117 percent. However, it remained far above its pre-pandemic level. In subsequent years, the government failed to prioritise debt reduction. Instead, borrowing continued apace, with fiscal deficits rising. Public debt grew at an average annual rate of 15 percent, outpacing nominal GDP growth, which averaged just 10.7 percent per year. The result has been an increase in the debt ratio—deepening risks to the country’s long-term financial stability. Addressing this issue is critical. High debt levels increase the cost of interest payments, diverting resources from essential services such as healthcare, education, and infrastructure. In addition, unsustainably high debt undermines the government’s ability to borrow further, as lenders grow wary of the risks. Without prompt and responsible fiscal management, the Maldives risks sliding into a period of heightened economic and financial instability. Exhibit 1: Maldives’ debt and GDP growth indicators Year Debt to GDP Debt (MVR Mn) Debt Growth Real GDP Growth Nominal GDP Growth 2019 77% 67,957 13% 6.9% 6% 2020 152% 86,760 28% -32.9% -35% 2021 117% 94,452 9% 37.5% 41% 2022 113% 106,988 13% 13.8% 18% 2023 124% 125,954 18% 4.7% 7% 2024 134% 144,975 15% 5.1% 7%
විදසුන්
Maldives debtMaldives debt continues to rise at critical levels continues to rise at critical levels
The Maldives faces a significant economic challenge, with public debt reaching an alarming 134% of its GDP in 2024—a level widely regarded as dangerously high. This comes despite healthy real GDP growth of around five percent. Historically, the Maldives kept its debt well below this threshold. That changed in 2020, when the Covid-19 pandemic triggered a sharp deterioration. The debt-to-GDP ratio almost doubled, rising from 77 percent in 2019 to 152 percent in 2020. Two factors drove this surge. First, GDP—the denominator in the ratio—contracted by 35 percent. Second, public debt—the numerator—increased by 28 percent as the government borrowed to fund higher spending and offset collapsing revenues. As the economy rebounded and GDP normalised in 2021, the debt ratio fell to 117 percent. However, it remained far above its pre-pandemic level. In subsequent years, the government failed to prioritise debt reduction. Instead, borrowing continued apace, with fiscal deficits rising. Public debt grew at an average annual rate of 15 percent, outpacing nominal GDP growth, which averaged just 10.7 percent per year. The result has been an increase in the debt ratio—deepening risks to the country’s long-term financial stability. Addressing this issue is critical. High debt levels increase the cost of interest payments, diverting resources from essential services such as healthcare, education, and infrastructure. In addition, unsustainably high debt undermines the government’s ability to borrow further, as lenders grow wary of the risks. Without prompt and responsible fiscal management, the Maldives risks sliding into a period of heightened economic and financial instability. Exhibit 1: Maldives’ debt and GDP growth indicators Year Debt to GDP Debt (MVR Mn) Debt Growth Real GDP Growth Nominal GDP Growth 2019 77% 67,957 13% 6.9% 6% 2020 152% 86,760 28% -32.9% -35% 2021 117% 94,452 9% 37.5% 41% 2022 113% 106,988 13% 13.8% 18% 2023 124% 125,954 18% 4.7% 7% 2024 134% 144,975 15% 5.1% 7%
විදසුන්
Maldives debtMaldives debt continues to rise at critical levels continues to rise at critical levels
The Maldives faces a significant economic challenge, with public debt reaching an alarming 134% of its GDP in 2024—a level widely regarded as dangerously high. This comes despite healthy real GDP growth of around five percent. Historically, the Maldives kept its debt well below this threshold. That changed in 2020, when the Covid-19 pandemic triggered a sharp deterioration. The debt-to-GDP ratio almost doubled, rising from 77 percent in 2019 to 152 percent in 2020. Two factors drove this surge. First, GDP—the denominator in the ratio—contracted by 35 percent. Second, public debt—the numerator—increased by 28 percent as the government borrowed to fund higher spending and offset collapsing revenues. As the economy rebounded and GDP normalised in 2021, the debt ratio fell to 117 percent. However, it remained far above its pre-pandemic level. In subsequent years, the government failed to prioritise debt reduction. Instead, borrowing continued apace, with fiscal deficits rising. Public debt grew at an average annual rate of 15 percent, outpacing nominal GDP growth, which averaged just 10.7 percent per year. The result has been an increase in the debt ratio—deepening risks to the country’s long-term financial stability. Addressing this issue is critical. High debt levels increase the cost of interest payments, diverting resources from essential services such as healthcare, education, and infrastructure. In addition, unsustainably high debt undermines the government’s ability to borrow further, as lenders grow wary of the risks. Without prompt and responsible fiscal management, the Maldives risks sliding into a period of heightened economic and financial instability. Exhibit 1: Maldives’ debt and GDP growth indicators Year Debt to GDP Debt (MVR Mn) Debt Growth Real GDP Growth Nominal GDP Growth 2019 77% 67,957 13% 6.9% 6% 2020 152% 86,760 28% -32.9% -35% 2021 117% 94,452 9% 37.5% 41% 2022 113% 106,988 13% 13.8% 18% 2023 124% 125,954 18% 4.7% 7% 2024 134% 144,975 15% 5.1% 7%
විදසුන්
Maldives debtMaldives debt continues to rise at critical levels continues to rise at critical levels
The Maldives faces a significant economic challenge, with public debt reaching an alarming 134% of its GDP in 2024—a level widely regarded as dangerously high. This comes despite healthy real GDP growth of around five percent. Historically, the Maldives kept its debt well below this threshold. That changed in 2020, when the Covid-19 pandemic triggered a sharp deterioration. The debt-to-GDP ratio almost doubled, rising from 77 percent in 2019 to 152 percent in 2020. Two factors drove this surge. First, GDP—the denominator in the ratio—contracted by 35 percent. Second, public debt—the numerator—increased by 28 percent as the government borrowed to fund higher spending and offset collapsing revenues. As the economy rebounded and GDP normalised in 2021, the debt ratio fell to 117 percent. However, it remained far above its pre-pandemic level. In subsequent years, the government failed to prioritise debt reduction. Instead, borrowing continued apace, with fiscal deficits rising. Public debt grew at an average annual rate of 15 percent, outpacing nominal GDP growth, which averaged just 10.7 percent per year. The result has been an increase in the debt ratio—deepening risks to the country’s long-term financial stability. Addressing this issue is critical. High debt levels increase the cost of interest payments, diverting resources from essential services such as healthcare, education, and infrastructure. In addition, unsustainably high debt undermines the government’s ability to borrow further, as lenders grow wary of the risks. Without prompt and responsible fiscal management, the Maldives risks sliding into a period of heightened economic and financial instability. Exhibit 1: Maldives’ debt and GDP growth indicators Year Debt to GDP Debt (MVR Mn) Debt Growth Real GDP Growth Nominal GDP Growth 2019 77% 67,957 13% 6.9% 6% 2020 152% 86,760 28% -32.9% -35% 2021 117% 94,452 9% 37.5% 41% 2022 113% 106,988 13% 13.8% 18% 2023 124% 125,954 18% 4.7% 7% 2024 134% 144,975 15% 5.1% 7%
දත්ත
වාර්තා
පනත් සහ ගැසට් පත්ර
විදසුන්
ඩෑෂ්බෝඩ්
Annual Budget Dashboard
අයවැය පොරොන්දු
Fiscal Indicators
ඉන්ධන මිල නිරීක්ෂණ ට්රැකරය
IMF මීටරය
යටිතල පහසුකම් විපරම
PF වයර්
අපි ගැන
SIN
English
සිංහල
தமிழ்
;
Thank You
රාජ්ය මූල්ය දත්ත හා විශ්ලේෂණයන් සඳහා
නිදහස් හා විවෘත ප්රවේශය
නිවස
මාතෘකා
ආදායම
ආදායම
රජයේ ආදායම් පිළිබඳ විදසුන් සහ විශ්ලේෂණ.
2024 දී ශ්රී ලංකාව වියදම් කළ, උපයා ගත් සහ ණයට ගත් ආකාරය
මෑතකදී නිකුත් කරන ලද CBSL ආර්ථික සමාලෝචනයෙන් පෙනී යන්නේ 2024 දී රජයේ වියදම් රුපියල් බිලියන 6,131 ක් වූ බවයි. එම වියදම්වලින් අඩකට ආසන්න ප්රමාණයක් එනම්, රුපියල් බිලියන 2,690 ක් හෙවත් සියයට 44 ක් - පවතින ණය සඳහා පොලී ගෙවීමට වැය කර ඇත...
පීඑෆ් වයර් පුවත්
මූලාශ්රය:
The Morning
Excise revenue reaches Rs. 105 b
The Excise Department has collected Rs. 105 billion in revenue by 30 June this year, marking a Rs. 17 billion increase compared to the same period last year, despite setbacks from natural disasters and issues at a major pro...
වැඩිදුර කියවන්න
මූලාශ්රය:
The Morning
Merchandise trade deficit narrowed in March
In March 2024, the merchandise trade deficit narrowed to $369 million, compared to $412 million in March 2023, primarily due to higher export growth than import growth.
වැඩිදුර කියවන්න
මූලාශ්රය:
Economy Next
Sri Lanka services exports rise in September
Sri Lanka's services exports surged by 55.6% to $2.3 billion, driven by ICT/BPO, construction, financial services, transport, and logistics. The country's total goods and service exports for the first nine months of 2023 amounted to...
වැඩිදුර කියවන්න
විදසුන් කියවන්න: ආදායම
Tobacco Policy: Mitigating the Influence...
Sri Lanka ratified the World Health Organ...
The Hidden Side of Cigarette Pricing
The media in Sri Lanka has often misrepre...
Who is responsible for Alternative facts...
The term ‘Alternative Facts’...
ශ්රී ලංකාවේ රාජ්ය ආදායම පිළිබඳ ගැටළුව...
රජයේ ප්...
page
8
of
8
‹
1
2
...
8
...
7
8
›
වීශේෂාංග
2024 අයවැය සාරාංශය
2024 වර්ෂය සඳහා අයවැය හිඟය 19% කින් ඉහළ යනු ඇතැයි අපේක්ෂා කරයි.
වැඩිදුර කියවන්න
Too Many ‘Known Unknowns’ in Sri Lanka’s IMF Progr...
This article was compiled by Dr. Nishan de Mel. Dr. Nishan de Mel is the Executive Director of Verité Research and an economist with extensive acade...
වැඩිදුර කියවන්න
2022 වසරේ බදු සහන ලබා දීමෙන් ආණ්ඩුව අහිමි
2022/23 (අප්රේල් සිට මාර්තු) මූල්ය වර්ෂයේ ලබාදුන් බදු සහන හේතුවෙන් රුපියල් බිලියන 978ක බදු ආදායමක් අහිමිව තිබෙණ බව ආණ්ඩුව වාර්තා කළේ ය. මෙසේ අහිමි කරගෙන...
වැඩිදුර කියවන්න
