A total of MVR 923.3 million has been deposited into the Sovereign Development Fund (SDF), according to the Ministry of Finance.

The ministry’s Weekly Fiscal Development Report highlights that this amount was accumulated in the fund as of the 14th of last month. The government has set a target to deposit a total of MVR 2.4 billion into the SDF by the end of this year.

The funds deposited during this period show a notable increase compared to the corresponding period last year, during which MVR 776 million was allocated to the fund. This represents an 18.9 percent growth in deposits.

The Sovereign Development Fund is a specialized fund created to cushion the state against economic shocks and to safeguard the repayment of large external loans. Established in 2017 to secure debt repayment capabilities during fiscal emergencies, the fund continues to play a vital role in maintaining the nation's financial stability.