The state would not have borrowed MVR 20B if not for Covid: Minister Ameer

Minister of Finance Ibrahim Ameer said on Sunday that Maldives had to take such a big debt due to the economic situation the country was in due to Covid, and if the pandemic had not occured, they would not have borrowed up to MVR 20 billion.

Answering a question by Naifaru MP Ahmed Shiyam from the Public Accounts Committee researching the MVR 42.6 billion state budget for 2023, Minister Ameer said the pandemic lead Maldives to make MVR 14 billion in revenues instead of MVR 30 billion that the country was projected to make that year.