COLOMBO, Oct. 30 (Xinhua) -- The Maldivian government on Thursday unveiled a 4.2 billion U.S. dollar national budget for 2026, with a focus on managing debt obligations and strengthening long-term fiscal stability.
A total of 603.1 million dollars are earmarked for repayment of existing securities and bonds due in 2026. After the payments, the effective operational budget stands at about 3.6 billion dollars, Finance and Planning Minister Moosa Zameer said.
Presenting the budget in the parliament, Zameer said the government expects to generate 2.6 billion dollars in revenue and grants next year.
Zameer described the budget as a critical step in restoring fiscal and debt sustainability, aligned with the president's development vision.
Zameer said official reserves stood at 860 million dollars as of September, with net usable reserves estimated at 200 million dollars. ■
