Finance Ministry orders institutions to cut down costs

Ministry of Finance on Wednesday ordered all state institutions, excluding local island councils, to take measures on cutting down costs since the government may not generate the initially estimated revenue due to the novel coronavirus (2019-nCoV) outbreak in China.

As per a circular signed and publicised by Finance Minister Ibrahim Ameer, the state requests to cut down costs in five main areas including employee expenses, capital expenses, travel expenses, administrative expenses and maintenance and operational expenses.