Finance Ministry has said that there are pending dues of MVR 125 million generated through rent paid from atoll stores in the Male’ Northern Harbor that remains to be paid to the Atoll Councils.
The Ministry shared with Mihaaru News that the administration of former President Ibrahim Mohamed Solih had deposited the rent gathered from the Atoll stores to the respective councils in 2019, 2021 and 2022.
Since 2019 the former government has been depositing 50 percent of the income from atoll stores. However, in the 'Viyavathi' conference held at Alif Alif Atoll Ukulhas in 2022, the former President Ibrahim Mohamed Solih had resolved to deposit all the income generated as rent from the atoll stores.
With this change, in 2022, the finance ministry deposited the full rent income gathered in 2018 from atoll stores, amounting to MVR 35 million.
The former government had deposited a sum of MVR 90 million within 3 years. The present unreleased amount is the rental income from the year 2019 to 2023.
Funds deposited during the former government
- 2019: MVR 16 million from the year 2015
- 2021: MVR 18 million from the year 2016
- 2021: MVR 21 million from the year 2017
- 2022: MVR 35 million from the year 2018
Funds due, but pending deposit within last 5 years
- 2019: MVR 30 million
- 2020: MVR 13 million
- 2021: MVR 29 million
- 2022: MVR 30 million
- 2023: MVR 21 million
During the ceremony held to inaugurate the newly selected Male' City Mayor and three additional council members this year, President Dr. Mohamed Muizzu said that despite generating income from Atoll stores, the former governments had not delivered the money to the respective councils.
He had given his assurance that the income generated from these shops will to delivered to the Councils with utmost transparency during his administration.
