The government has spent MVR 12.6 billion on state-owned enterprises (SOEs) over the past three years, according to figures released as part of fiscal reporting.
The expenditure covers support, capital injections and other allocations to SOEs across various sectors, including utilities, transport and development. The figure forms part of broader discussions on public sector finances and the performance of state companies.
Finance officials have previously highlighted the need to improve the financial and operational efficiency of SOEs. Earlier reports noted significant workforce growth in some companies, contributing to higher salary costs.
The spending occurs against a backdrop of ongoing debt management and efforts to strengthen fiscal sustainability. The government has outlined reforms aimed at rightsizing SOEs and reducing long-term fiscal risks.
Details of individual company allocations are included in the national budget documents submitted to parliament.
