The government has put forward a proposal to parliament seeking approval for measures aimed at reducing public spending as part of its broader economic reform agenda.
The second sitting of the first session of the year is scheduled for tomorrow, and the Parliament Secretariat has released the agenda, which includes referring President Dr. Mohamed Muizzu’s cost-cutting measures to the standing committee for further review.
One of the key steps in the proposal is the president’s voluntary decision to take a 50 per cent salary cut, reducing his monthly earnings from MVR 100,000 to MVR 50,000.
Other proposed measures include:
- A 10 per cent salary reduction for political officeholders.
- A 10 per cent pay cut for employees of state-owned enterprises, except banks.
- Capping company owner allowances at MVR 90,000.
- A 10 per cent salary reduction for heads of autonomous bodies.
- A 10 per cent pay cut for judicial officials.
- A 10 per cent salary deduction for Members of Parliament (MPs).
These measures are set to be implemented over the next two years as part of the government’s commitment to economic stability and fiscal responsibility. The proposal is expected to be debated in parliament before a final decision is made.
