The government's measures to reduce state expenditure under the Economic Reform Agenda has been sent to the Parliament for approval, with discussions set to begin in the first sitting of this year’s parliamentary session today.
The agenda includes referring the proposed measures to the Standing Committee for review, focusing on strategies to reduce public expenditure over the next two years.
As part of these economic reforms, President Dr. Mohamed Muizzu has proposed a series of salary deductions including:
- 10 percent deduction from the salaries of all political appointees
- 10 percent deduction from the salaries of employees of state-owned enterprises, excluding banks, with a salary cap of MVR 90,000 for company heads
- 10 percent deduction from the salaries of heads of independent institutions
- 10 percent deduction from the salaries of judicial officials and Members of Parliament
- 50 percent deduction from the President’s own salary, reducing it from MVR 100,000 to MVR 50,000
Additional items on today’s parliamentary agenda include seeking parliamentary approval for changes in ministerial composition, including the merger of the Tourism and Environment ministries, seeking approval for Minister Thoriq Ibrahim in connection with the change in ministerial composition, discussion on appointing the Vice-President of the Anti-Corruption Commission (ACC) and the Elections Commission (EC) and the first reading of the proposed amendment to the Decentralization of Administrative Areas Act
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