Auditor General Hussain Niyazy has stated that the Government has developed a realistic plan to meet its USD 600 million debt repayment due next year.

Speaking before the Parliament’s Budget Committee during discussions on the 2026 state budget, Niyazy noted that while the repayment plan appears achievable, the main concern is the sustainability of the Government’s expenditure-reduction measures.

He observed that key policies aimed at cutting costs are repeatedly delayed each year, raising questions about how long such postponements can continue. Niyazy emphasised that the Maldives’ biggest economic challenge remains managing its growing debt burden, with a significant repayment scheduled for 2026.

Citing a review by the Auditor General’s Office of the Finance Ministry’s records and related financial documents, Niyazy expressed confidence that the current repayment strategy is feasible under existing fiscal conditions.

He also urged the Parliament to incorporate clear recommendations to further reduce the State's spending before approving the budget, noting that the Government is obligated to act on the guidance provided by the legislature in the budget process.