Maldives President Mohamed Muizzu announced the removal of 228 political appointees across various government ministries as part of a broader effort to reduce government expenditure.
The cost-cutting measure is a key component of the administration’s Economic Reform Agenda, aimed at tackling the nation’s growing fiscal and external vulnerabilities.
President Muizzu shared the decision with the public on Tuesday via his official X account, saying, "As part of the Economic Reform Agenda, I have today instructed to remove 228 political appointees from various government ministries within the next 15 days. This includes 7 State Ministers, 43 Deputy Ministers, 109 Senior Political Directors, and 69 Political Directors. It will save Rf 5.714 million per month from the government budget ."
The Maldives President’s Office further detailed the move, framing it as a necessary adjustment to streamline government operations. "This significant reduction in political appointments aligns with the President’s broader efforts to ensure more efficient use of public funds," the statement read.
The current government budget stands at MVR 49.5 billion for 2024, and Muizzu's administration has consistently pushed for reforms to strengthen the Maldivian economy and reduce debt in the medium term.
This latest measure is part of a series of initiatives taken by the President since assuming office. Earlier this year, Muizzu introduced plans to establish a development bank in the Maldives and review the country’s economic policies to encourage growth and stability.
During the India-Maldives Business Forum held in Bengaluru on October 9, Muizzu praised India's leadership in technology and innovation, underscoring the significance of India-Maldives collaboration in advancing the island nation’s digital future. He highlighted several key initiatives, including the integration of digital financial services and the launch of the RuPay card, as well as the Maldives’ commitment to climate action and multilateral cooperation.
Muizzu also encouraged Indian investors to explore opportunities in sectors such as renewable energy and sustainable tourism, noting the Maldives' favourable business climate and shared cultural ties with India. "The Maldives offers an ideal environment for Indian investment, and their expertise can help us foster a sustainable future while supporting global climate action," Muizzu had said.
His five-day state visit to India marked the second time President Muizzu has visited India this year, following his attendance at the swearing-in ceremony of Prime Minister Narendra Modi in June.
The cost-cutting measure is a key component of the administration’s Economic Reform Agenda, aimed at tackling the nation’s growing fiscal and external vulnerabilities.
President Muizzu shared the decision with the public on Tuesday via his official X account, saying, "As part of the Economic Reform Agenda, I have today instructed to remove 228 political appointees from various government ministries within the next 15 days. This includes 7 State Ministers, 43 Deputy Ministers, 109 Senior Political Directors, and 69 Political Directors. It will save Rf 5.714 million per month from the government budget ."
The Maldives President’s Office further detailed the move, framing it as a necessary adjustment to streamline government operations. "This significant reduction in political appointments aligns with the President’s broader efforts to ensure more efficient use of public funds," the statement read.
The current government budget stands at MVR 49.5 billion for 2024, and Muizzu's administration has consistently pushed for reforms to strengthen the Maldivian economy and reduce debt in the medium term.
This latest measure is part of a series of initiatives taken by the President since assuming office. Earlier this year, Muizzu introduced plans to establish a development bank in the Maldives and review the country’s economic policies to encourage growth and stability.
During the India-Maldives Business Forum held in Bengaluru on October 9, Muizzu praised India's leadership in technology and innovation, underscoring the significance of India-Maldives collaboration in advancing the island nation’s digital future. He highlighted several key initiatives, including the integration of digital financial services and the launch of the RuPay card, as well as the Maldives’ commitment to climate action and multilateral cooperation.
Muizzu also encouraged Indian investors to explore opportunities in sectors such as renewable energy and sustainable tourism, noting the Maldives' favourable business climate and shared cultural ties with India. "The Maldives offers an ideal environment for Indian investment, and their expertise can help us foster a sustainable future while supporting global climate action," Muizzu had said.
His five-day state visit to India marked the second time President Muizzu has visited India this year, following his attendance at the swearing-in ceremony of Prime Minister Narendra Modi in June.
You may also like
Jagmeet Singh calls for sanctions against Indian diplomats and ban on RSS amid diplomatic row
British influencer dies after falling from 192 meters high Castilla-La Mancha bridge
Trouble Sleeping? Say Goodbye to Insomnia with These 8 Simple Yet Effective Tips
Premier League clubs could face action over ticket prices if fans are no longer valued
Zinedine Zidane admission speaks volumes as England's Thomas Tuchel in league of his own
The Indian cricketer who changed his religion at the age of 25, made his team a champion, Sachin Tendulkar gave him the trophy.
Vastu Tips: Keep these things in the west direction of the house, luck will shine, and you will get benefits
'Last chance' Disney+ warning before prices go up again tomorrow - act now
Michael Schumacher latest as neurosurgeon comments on condition of 'frail' F1 legend
Australia made a big move for the Ashes series and held the first match at the place where England had not won for 46 years.
PM Modi to attend International Abhidhamma Divas celebrations
Win for Musk's Starlink as India says no to spectrum auction pitch from Ambani, Mittal
Bhool Bhulaiyaa 3 Title Track Out! Kartik Aaryan Kills It In Pitbull, Diljit Dosanjh Song. Fans Call It 'FIRE'
Malayalam actor Baiju tenders public apology
Was Kamran Ghulam slapped in a live match? This video of the batsman who replaced Babar Azam goes viral
Sir Alex Ferguson pictured for first time since seeing Man Utd contract ripped up
MAFS UK delivers biggest shock yet as couple 'sent home' by production over behaviour
Dubai pays off Dh47-billion debt as revenues get boost from IPOs, 9% corporate tax
Accused behind threat messages being identified: Civil Aviation secretary tells parliamentary panel
The big players including Rohit-Virat are no match for him, now he reminded this team of his grandmother, and he ate up the top order for 9 runs.