- Pest control operation in Dh. Kudahuvadhoo
- 2 apprehended and 1 being sought in relation to case of assault
- Police delegation returns from training with the FBI
- President Waheed reaffirms commitment to improve the standard of IGMH
- Police help rescue Snorkeler who went missing
- EU Ambassador pays farewell call on President Waheed
- President’s Office directs all govt offices to participate winners of national Quran competitions at official functions
- 23rd Session of the Human Rights Council concludes in Geneva
- JP congress to be held on July 10
- AK underscores the importance of more people joining to get economic freedom
- Home Ministry requests all to refrain from painting public areas in political colours
- Police begins eradicating graffiti from the walls of Male’ City
- Individual found dead in Bilehdhoo
Challenges faced by govt to manage the budget because of the dishonesty of the former govt- Economic Minister
Economic Minister Ahmed Mohamed has said that the government is facing many challenges in managing the state budget because of the dishonesty and deceptive plots of the former government regarding the expected income of the state for this year.
Minister Ahmed Mohamed said that many problems have arisen because the former government predicted a large income to the state by selling off the government’s shares of different companies.
He said that questions are raised regarding these predictions when enough shares were not sold of the companies such as Dhiraagu.
He said that the criticism of the MDP government’s faulty economic policies is not something new but he has raised concern regarding the matter even when he was in the opposition. He said that it is predicted that the state will earn an income of 8 billion Maldivian Ruffiya by the end of this year but twice this amount has to be spent by the end of this year.
Noting the damages of introducing GST by abolishing import duty, Minister Ahmed Mohamed said that more than one billion Ruffiya has been at loss from the government income because the import duty has been abolished and it is not producing any benefit for the people either. He said that the prices of goods and services have not come down because of this decision of the former government but the burden on pockets of the people is getting heavier.