Zariyand: Government Continues to Increase National Debt
1 އޮކްޓޯބަރު 2026 | ބުރާސްފަތި 07:56Despite the government's claims of refraining from new borrowing, financial expert Ismail Zariyand has stated that the administration is projected to incur 50 billion MVR in debt by the end of this year. Zariyand emphasized that debt should be utilized strategically to boost productivity and build for the future, rather than being used solely to cover recurrent expenditures.
Zariyand speaking on RaajjeTV's TV Talk programme: the tongue has no bone, so one can say anything; however, it cannot be claimed that this administration is not increasing the national debt. | raajje tv
Financial expert Ismail Zariyand has stated that the government lacks the expertise to manage the nation's fiscal situation, asserting that President Dr. Mohamed Muizzu’s statements on the matter are inconsistent.
Speaking on a RaajjeTV talk show, Zariyand stated that despite the government's claims of not taking out loans, the state is projected to borrow an additional 50 billion Rufiyaa by the end of this year. He questioned the validity of the government's assertions, asking where the evidence was to support the claim that no new loans were being issued.
Zariyand stated that the President speaks without restraint, making various claims that frequently lack consistency and contradict his previous remarks.
He stated that President Muizzu, along with Minister Dr. Abdulla Muththalib and Finance Minister Hassan Zareer, are being untruthful regarding the country's financial transactions.
Financial expert Zariyand also clarified the proper approach to incurring debt. He stated that the Maldives possesses the necessary resources, skills, and capacity required to strengthen the economy and boost productivity.
Zariyand stated that debt should be incurred to build a bright future, rather than solely to cover current expenditures and settle past obligations.
As government borrowing continues to escalate, public concern regarding the nation's financial stability is mounting.
International financial institutions have also expressed concern regarding the Maldives' fiscal situation. Financial experts have called on the government to implement necessary fiscal reforms.
