Deputy Speaker Nazim urged the Ministry of Finance to reveal the economic and financial situation of the Maldives honestly and transparently without waiting until November to pass next year's budget.
Deputy Speaker of Parliament and MP for Dhiggaru constituency, Ahmed Nazim, has called on the government to disclose any remedies they have for the Maldives' current financial situation to the public and the parliament.
Speaking during Wednesday's parliament Committee of Economic Affairs, Nazim said that the government should explain to the people the extent to which projects can be implemented.
"People in different islands need to know whether the projects can be implemented or not, right? Elections are already over. That is why I said let's tell the citizens to face the truth as well," he said.
"We have to put the country's financial situation above our parties' and personal interests in this committee."
Giving the example of one of the Maldives' closest neighboring countries, Sri Lanka, Nazim said that even India and China were "just looking on" as the country's economy collapsed and entered into a sovereign default. He said that India and China did not provide assistance because their fundamental economy was not looking good.
By disclosing the truth about the Maldives' economy, only then can measures such as increasing the tax base be passed by the parliament, Nazim added.
"Hence, if there are any remedies available, we have to drink this 'bitter medicine'. What should we do? If we drag this matter out until we go bankrupt, it won't be good," he said.
Therefore, Nazim urged the Ministry of Finance to reveal the economic and financial situation of the Maldives honestly and transparently without waiting until November to pass next year's budget.
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