The Maldives Monetary Authority’s (MMA) month-end report for June shows that the state generated a total of MVR 1.2 billion, while having spent 1.5 billion.

The Economic Review Report also shows that the generated 1.2 billion is lower than the amount the state had generated the month before by 379.9 million.

The report notes that the amount the state received through taxes and non-tax avenues had been significantly lower during the month of June.

Maldives’ national debt was at 36.1 billion at the end of 2016. This figure is estimated to rise to 41.6 billion by the end of this year.