In a move to address national budget deficits and reduce public spending, President Dr. Mohamed Muizzu has submitted a proposal to the Maldives Parliament requesting consultation on salary reductions for officials across independent institutions, the judiciary, and members of Parliament. This measure is part of the administration’s broader economic reform and austerity efforts aimed at curbing the country’s national debt.
The proposed salary cuts are intended to remain in effect for a period of two years. The reduction targets senior officials earning more than $778.34 per month within independent institutions, as well as similar measures for judicial sector staff and parliamentarians. Specifically, the plan suggests a 10% reduction in the basic salaries of these high-ranking officials.
In a letter addressed to Parliament, President Dr. Muizzu emphasized the importance of these salary reductions in achieving a more sustainable and balanced national budget. Following the submission, Parliament has forwarded the proposal to the Public Accounts Committee for further review.
The President’s call for consultation reflects the government’s ongoing commitment to reducing public expenditure, as well as its efforts to implement austerity measures that align with the current economic climate and the administration’s long-term fiscal goals. The outcome of the Parliamentary review will be critical in determining the final approach to these proposed salary cuts.
