President Dr Mohamed Muizzu has decided to implement a policy focused on cost reduction, revenue growth, and a medium-term revenue strategy, following recommendations from his Cabinet.

The decision was reached after thorough discussions on a paper presented by the Ministry of Finance during the latest Cabinet meeting.

In addition to this policy implementation, the President assigned a Cabinet sub-committee to oversee and facilitate efforts aimed at diversifying the Maldivian economy and exploring avenues for revenue growth.