Muizzu Unveils Plans to Slash Public Expenditure

President Dr Mohamed Muizzu has revealed a series of stringent measures to reduce public expenditure, particularly recurring expenses. 

He made the remarks in a message posted on the social media platform X.

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https://x.com/MMuizzu/status/1806367068062876139

Muizzu outlined the measures, which include reducing the number of political posts within the Administration and scaling back or cancelling unwarranted celebratory events. 

Notably, Muizzu announced that this year’s Independence Day celebrations would be significantly scaled down, with the exclusion of the usual float procession, official reception, and festivities. Instead, the celebrations will be limited to the official function marking Independence Day, resulting in considerable reductions in state expenses.

Additionally, he hinted at the forthcoming announcement of additional measures to reduce public expenditure further.