Finance Ministry implements stringent measures to curtail gov't spending

The Ministry of Finance has decided to take stringent measures to reduce government expenditure,

In a recent circular, the Finance Ministry has instructed against hiring new employees, changing salary structures, introducing new allowances, and undertaking overtime work unless absolutely necessary.

Furthermore, any expenditure above MVR 35,000 on trips, training programs, or office maintenance now requires direct approval from the Finance Ministry. Additionally, the ministry has instructed to cease awarding new scholarships, and official overseas trips will require authorization from the ministry.

Despite implementing strict measures to reduce government expenditure, the government has been unveiling numerous multi-billion MVR development projects. However, many such projects are not burdensome on the state budget, President Dr. Mohamed Muizzu has said.