Cost-cutting measures being implemented by the government will reduce expenditure by more than MVR 6 billion next year, the Finance Ministry has said.
The state’s 2025 budget includes reforms to be implemented during the year, including restructuring the subsidy system to provide direct assistance to eligible recipients. Other cost-cutting measures include reviewing the Aasandha medical insurance system and ensuring it is a more comprehensive and sustainable system.
Reviewing the fiscal and external sector constraints caused by changes in global oil prices and reviewing state-provided pensions to avoid duplication are also part of the measures planned for the upcoming year. In addition, restructuring government-owned companies to improve efficiency and reduce costs is also part of the plan.
