The Edition


State seeks to cut MVR19.3 mln of parliament's monthly costs

Mariyam Malsa
16 March 2020, MVT 18:47
Minister of Finance Ibrahim Ameer speaking at a parliament session. PHOTO: PARLIAMENT
Mariyam Malsa
16 March 2020, MVT 18:47

Ministry of Finance requested the parliament to cut MVR 19.3 million from its monthly expenditure in relation to the economic repercussions of the ongoing COVID-19 pandemic.

Parliament Speaker Mohamed Nasheed requested Deputy Speaker and Galolhu South MP Eva Abdulla to look into possible options to cut costs.

On Monday, leader of the ruling Maldivian Democratic Party (MDP)'s parliamentary group Ali Azim stated that the party had decided to request a 20 percent reduction in the salaries granted to parliamentarians.

Azim stated that Parliament Speaker Nasheed would propose the measure, finalised in response to the virus outbreak, to the parliament's Public Finance Committee shortly.

MDP's proposed 20 percent cut amounts to MVR 8,500 per salary and an overall monthly figure of MVR 739,000.

The incumbent 87 members of parliament receive MVR 42,000 as a monthly salary as well as an allowance of MVR 20,000.

President Ibrahim Mohamed Solih recently revealed that Maldives was posed to lose between USD 135.9 million (MVR 2.5 billion) and USD 446.6 million (MVR 6.9 billion) in state revenue this year due to the repercussions of COVID-19 on the tourism sector. The state has also called on institutions to minimise costs as much as possible.