Table 6.6 Claims on Central Government by Ownership, 2019 - 2025
(Millions of MVR)
Period Claims on central govt. 1/ Memorandum items y/y % change
Treasury bills and Islamic instruments 2/ Treasury bonds 5/ Loans & advances 8/ Exchange rate Claims on central govt. Treasury bills and Islamic instruments Central bank Commercial banks Other financial corp. Public nonfinancial corp. Private sector Treasury bonds Central bank Commercial banks Other financial corp. Public nonfinancial corp. Private sector Loans & advances Central bank Commercial banks Other financial corp.
Central bank 3/ Commercial banks Other financial corp. 4/ Public nonfinancial corp. Private sector Central bank 6/ Commercial banks Other financial corp. 7/ Public nonfinancial corp. Private sector Central bank6/ Commercial banks Other financial corp.7/ Period
(2+8+14) (3 to 7) (9 to 11) (15 to 17)
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) (19) (20) (21) (22) (23) (24) (25) (26) (27) (28) (29) (30) (31) (32) (33) (34) (35)
2019
32,281.5
18,964.7
103.6
11,954.4
6,372.8
434.3
99.7
13,156.8
6,086.7
201.1
6,869.1
na
na
159.9
-
147.2
12.7
15.38
 2019
16.5
26.3
14.7
24.5
27.0
116.1
-
na
-1.2
na
na
na
na
na
na
672.2
na
2020
44,691.2
24,087.5
91.3
14,350.1
9,253.6
288.3
104.3
17,109.8
6,011.0
4,099.8
6,998.9
na
na
3,493.9
3,296.8
186.4
10.7
15.41
 2020
38.4
27.0
-11.9
20.0
45.2
-33.6
4.6
30.0
-1.2
1,939.0
1.9
na
na
2,085.0
na
26.6
-15.6
2021
51,283.6
30,411.0
97.4
18,381.7
10,939.2
875.6
117.1
17,162.2
5,933.1
4,197.5
7,031.6
-
-
3,710.4
3,689.9
12.9
7.6
15.39
 2021
14.8
26.3
6.7
28.1
18.2
203.7
12.3
0.3
-1.3
2.4
0.5
na
na
6.2
11.9
-93.1
-29.4
2022
61,664.0
35,603.3
87.9
20,668.7
13,442.5
1,145.0
259.1
22,094.4
8,321.7
5,740.0
7,185.7
847.0
-
3,966.3
3,946.3
10.4
9.6
15.40
 2022
20.2
17.1
-9.8
12.4
22.9
30.8
121.3
28.7
40.3
36.7
2.2
na
na
6.9
6.9
-19.7
27.2
2023
72,277.1
40,824.6
95.7
21,650.2
18,162.7
775.9
140.2
31,425.4
14,508.2
7,040.0
8,260.2
1,617.0
-
27.0
2.0
7.6
17.5
15.40
 2023
17.2
14.7
8.9
4.7
35.1
-32.2
-45.9
42.2
74.3
22.6
15.0
90.9
na
-99.3
-100.0
-27.3
81.3
2024
81,178.9
46,710.8
99.6
23,530.1
20,492.8
2,146.6
441.7
34,441.6
14,303.0
8,002.0
9,021.7
2,957.6
157.3
26.5
-
4.4
22.1
15.42
 2024
12.3
14.4
4.1
8.7
12.8
176.7
215.1
9.6
-1.4
13.7
9.2
82.9
na
-1.9
-100.0
-41.7
26.4
2023 Sep-23
68,764.2
39,100.3
95.8
21,370.7
17,082.0
448.4
103.4
27,929.2
12,555.1
6,347.0
8,179.0
848.1
-
1,734.8
1,461.3
259.4
14.1
15.42
 2023 Sep-23
19.1
13.7
9.0
4.7
33.2
-44.4
-60.1
42.6
50.3
51.2
16.3
na
na
-53.9
-55.8
-42.0
47.0
Oct-23
69,899.0
39,983.0
95.7
21,590.1
17,704.8
488.4
104.0
27,941.3
12,540.1
6,343.5
8,210.2
847.6
-
1,974.6
1,709.5
259.2
6.0
15.41
 Oct-23
15.8
10.3
8.9
6.0
22.7
-55.9
-59.9
41.6
50.3
51.0
14.3
na
na
-54.9
-56.4
-42.0
-50.2
Nov-23
70,826.0
40,289.0
95.7
21,393.2
18,086.7
596.5
117.0
28,518.4
12,525.3
6,936.5
8,210.2
846.5
-
2,018.5
1,753.5
258.9
6.1
15.39
 Nov-23
16.5
9.0
8.9
2.6
24.2
-50.5
-54.8
34.2
50.3
21.1
14.3
na
na
-21.6
-17.1
-42.0
-50.0
Dec-23
72,277.1
40,824.6
95.7
21,650.2
18,162.7
775.9
140.2
31,425.4
14,508.2
7,040.0
8,260.2
1,617.0
-
27.0
2.0
7.6
17.5
15.40
 Dec-23
17.2
14.7
8.9
4.7
35.1
-32.2
-45.9
42.2
74.3
22.6
15.0
90.9
na
-99.3
-100.0
-27.3
81.3
2024 Jan-24
71,629.5
39,875.0
95.7
20,522.2
18,485.3
655.4
116.5
31,735.1
14,490.3
7,336.5
8,292.4
1,616.0
-
19.3
-
7.3
12.0
15.39
 2024 Jan-24
15.6
10.4
8.9
-2.0
33.8
-35.1
-54.4
43.7
74.3
27.8
15.4
90.8
na
-99.5
-100.0
-97.2
35.0
Feb-24
71,935.5
40,116.6
95.7
20,041.1
18,461.8
1,401.5
116.5
31,802.5
14,471.6
7,343.5
8,292.4
1,695.1
-
16.4
-
7.1
9.3
15.41
 Feb-24
14.2
8.1
8.9
-4.2
23.6
42.0
-37.5
44.1
74.3
27.9
15.4
100.1
na
-99.6
-100.0
-97.3
-35.2
Mar-24
74,108.8
41,486.4
95.7
20,385.0
18,856.2
2,032.3
117.1
32,180.0
14,452.2
7,343.5
8,300.9
1,926.2
157.2
442.4
-
432.8
9.6
15.41
 Mar-24
15.1
11.8
8.9
-4.7
29.9
124.1
-37.1
21.8
14.3
28.0
15.5
127.6
na
-50.3
-100.0
63.7
-1.2
Apr-24
74,502.9
41,599.7
94.8
20,719.2
18,629.3
2,039.3
117.1
32,461.5
14,433.8
7,343.5
8,600.9
1,926.2
157.2
441.6
-
432.5
9.1
15.41
 Apr-24
12.8
10.4
9.5
-4.3
24.7
146.2
-37.0
23.1
14.3
28.6
19.7
128.8
na
-77.8
-100.0
63.8
-9.5
May-24
75,756.5
42,872.0
94.5
21,522.4
18,948.1
2,189.8
117.1
32,437.9
14,415.0
7,340.0
8,600.9
1,925.0
157.1
446.6
-
432.3
14.3
15.40
 May-24
13.9
12.3
17.7
-2.0
24.9
179.3
-29.6
22.9
14.3
27.9
19.7
127.3
na
-77.3
-100.0
63.8
33.5
Jun-24
76,480.1
43,157.1
94.5
21,638.5
19,015.9
2,291.1
117.1
32,869.5
14,396.5
7,372.0
8,630.8
2,313.0
157.3
453.5
-
432.0
21.4
15.42
 Jun-24
13.5
7.9
14.5
-2.2
12.3
237.7
-36.3
24.7
14.3
28.6
20.1
173.4
na
-55.4
-100.0
-16.1
4.3
Jul-24
76,583.4
43,415.1
101.3
21,666.5
19,216.9
2,313.2
117.2
32,398.6
14,377.6
7,368.5
8,183.8
2,311.5
157.2
769.7
-
747.2
22.6
15.41
 Jul-24
14.2
13.3
11.3
2.2
16.7
461.2
-29.2
19.9
14.3
16.4
12.6
173.4
na
-54.1
-100.0
45.2
84.3
Aug-24
78,596.1
44,945.9
101.1
22,758.6
19,365.7
2,603.4
117.2
32,880.4
14,359.4
7,368.5
8,683.8
2,311.5
157.2
769.8
-
746.9
22.9
15.41
 Aug-24
16.8
20.2
5.6
7.1
23.6
767.8
12.6
17.7
14.2
16.2
6.2
172.7
na
-60.7
-100.0
187.6
131.5
Sep-24
79,581.2
45,930.2
101.1
22,916.0
20,286.0
2,510.0
117.2
32,884.3
14,340.7
7,358.0
8,721.7
2,307.0
156.9
766.7
-
746.6
20.0
15.38
 Sep-24
15.7
17.5
5.5
7.2
18.8
459.8
13.3
17.7
14.2
15.9
6.6
172.0
na
-55.8
-100.0
187.8
42.1
Oct-24
80,397.0
46,419.8
101.1
23,286.7
20,299.5
2,610.3
122.2
33,210.7
14,321.7
7,398.5
9,021.7
2,311.5
157.2
766.5
-
746.3
20.1
15.41
 Oct-24
15.0
16.1
5.6
7.9
14.7
434.5
17.5
18.9
14.2
16.6
9.9
172.7
na
-61.2
-100.0
188.0
236.1
Nov-24
80,937.5
46,986.9
101.1
23,600.2
20,396.4
2,766.9
122.4
33,181.7
14,303.0
7,391.5
9,021.7
2,308.5
157.0
768.9
-
746.1
22.8
15.39
 Nov-24
14.3
16.6
5.6
10.3
12.8
363.9
4.6
16.4
14.2
6.6
9.9
172.7
na
-61.9
-100.0
188.1
273.1
Dec-24
81,178.9
46,710.8
99.6
23,530.1
20,492.8
2,146.6
441.7
34,441.6
14,303.0
8,002.0
9,021.7
2,957.6
157.3
26.5
-
4.4
22.1
15.42
 Dec-24
12.3
14.4
4.1
8.7
12.8
176.7
215.1
9.6
-1.4
13.7
9.2
82.9
na
-1.9
-100.0
-41.7
26.4
2025 Jan-25
81,429.6
46,660.8
99.6
22,541.2
20,606.8
2,089.9
1,323.3
34,743.0
14,265.5
8,302.0
9,060.6
2,957.6
157.3
25.9
-
4.1
21.7
15.42
 2025 Jan-25
13.7
17.0
4.1
9.8
11.5
218.9
1,036.2
9.5
-1.6
13.2
9.3
83.0
na
34.1
na
-43.4
81.4
Feb-25
81,929.5
46,745.2
99.6
23,672.8
20,424.6
2,088.5
459.8
35,173.0
14,245.9
8,348.1
8,695.6
3,726.1
157.2
11.4
-
4.0
7.3
15.41
 Feb-25
13.9
16.5
4.0
18.1
10.6
49.0
294.7
10.6
-1.6
13.7
4.9
119.8
na
-30.6
na
-42.9
-21.3
Mar-25
84,734.0
48,484.8
99.6
25,238.1
20,605.1
2,082.1
459.8
36,223.9
14,225.4
8,352.0
9,360.6
4,128.6
157.3
25.3
-
3.6
21.8
15.42
 Mar-25
14.3
16.9
4.0
23.8
9.3
2.5
292.5
12.6
-1.6
13.7
12.8
114.3
0.1
-94.3
na
-99.2
126.4
Apr-25
85,098.9
48,099.1
95.2
25,410.5
20,109.1
2,024.4
459.8
36,965.7
14,206.5
8,427.0
10,046.3
4,128.6
157.3
34.2
-
3.3
30.9
15.42
 Apr-25
14.2
15.6
0.4
22.6
7.9
-0.7
292.5
13.9
-1.6
14.8
16.8
114.3
0.1
-92.3
na
-99.2
239.6
May-25
84,854.8
48,345.5
95.1
26,099.5
20,279.8
1,423.6
447.5
36,475.4
14,187.2
8,727.0
10,046.3
3,357.6
157.3
34.0
-
3.0
30.9
15.42
 May-25
12.0
12.8
0.6
21.3
7.0
-35.0
282.0
12.4
-1.6
18.9
16.8
74.4
0.1
-92.4
na
-99.3
116.8
Jun-25
85,602.4
48,942.5
83.5
26,357.1
20,428.8
1,643.6
429.5
36,629.9
14,168.2
8,727.0
10,346.3
3,231.1
157.3
30.0
-
3.8
26.2
15.42
 Jun-25
11.9
13.4
-11.6
21.8
7.4
-28.3
266.7
11.4
-1.6
18.4
19.9
39.7
-
-93.4
na
-99.1
22.2
Jul-25
86,165.1
49,042.5
125.2
26,441.3
20,828.4
1,176.2
471.4
36,767.5
14,148.8
8,877.0
10,392.1
3,192.3
157.3
355.0
-
327.5
27.6
15.42
 Jul-25
12.5
13.0
23.5
22.0
8.4
-49.2
302.4
13.5
-1.6
20.5
27.0
38.1
0.1
-53.9
na
-56.2
22.2
Aug-25
87,159.4
50,054.0
127.5
27,490.2
20,998.9
984.1
453.4
36,748.8
14,130.1
8,877.0
10,392.1
3,192.3
157.3
356.6
-
327.2
29.4
15.42
 Aug-25
10.9
11.4
26.0
20.8
8.4
-62.2
287.0
11.8
-1.6
20.5
19.7
38.1
0.1
-53.7
na
-56.2
28.5
Source: Maldives Monetary Authority; Ministry of Finance and Planning
1/From August 2021 onward, domestic government securities data on treasury bonds, bills and instruments have been provided from Ministry of Finance and Planning.
2/Figures represent the face value of treasury bills and Islamic instruments.
3/Figures represent dormant accounts.
4/Includes pension funds, other fund accounts, finance and insurance companies.
5/Includes the purchase price and accrued interest receivable of treasury bonds reported by financial institutions.
6/Government's public bank account overdraft from MMA was converted to a bond in 2023.
7/Recognition bond, previously included in loans and advances has been recorded as treasury bonds of other financial corporations as per source data provided by Ministry of Finance and Planning.
8/Data includes accrued interest and accounts receivable reported by financial institutions. Loans and advances show the total for the financial sector.