Deposits to the Sovereign Development Fund (SDF) have reached USD 77.82 million, according to the latest fiscal reports released by the Ministry of Finance and Public Enterprises.
The reports show that as of 16 July, deposits to the SDF totalled USD 77.82 million, representing a 9 per cent increase compared with the USD 71.34 million deposited during the same period last year.
The increase comes as Government spending on debt repayment has also risen significantly. The reports show that the Government has spent USD 603.11 million on repaying loans so far this year, a 190 per cent increase compared with USD 207.52 million spent during the corresponding period in 2025.
The Government also utilised funds deposited in the SDF to repay the USD 500 million loan that matured earlier this year.
The Sovereign Development Fund was established by the Government to meet financial obligations arising from emergencies, repay large loans taken to finance development projects, and cushion the economy against external shocks. The fund is separate from the Maldives Monetary Authority's (MMA) official foreign exchange reserves.
Established in 2016, the SDF receives revenue from three main sources: the Airport Development Fee collected from departing passengers, dividends paid from the Government's shareholding in Maldives Airports Company Limited (MACL), which operates Velana International Airport, and additional revenue generated from increases in fees charged for certain airport services.