Expense reduction plans underway: Finance Ministry

The Finance Ministry, responding to ex-Minister Ibrahim Ameer's criticism of economic management, said the current administration is implementing cost reduction strategies to address the fiscal deficit brought on during the previous administration.

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Minister of Finance Dr Mohamed Shafeeq and senior officials of the Ministry -- Photo: Fayaz Moosa

Malika Shahid

2024-07-01 09:36:36

The Ministry of Finance said that the current administration is preparing to take the necessary steps to reducing expenses which is most crucial measure in addressing the fiscal deficits identified following the Covid-19 pandemic during former President Ibrahim Mohamed Solih's administration which had not been implemented by the end of his term.

The Ministry made this statement in response to a press conference held by former Minister of Finance Ibrahim Ameer on Saturday night.

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