President Dr Mohamed Muizzu has firmly dismissed opposition claims that his government is printing money to finance state spending, declaring that every commitment is being fulfilled through disciplined financial management — not monetary manipulation.
Standing Firm Against False Claims
Speaking at a public gathering in Fonadhoo, Laamu Atoll, President Muizzu took direct aim at the opposition’s recent allegations, which suggested the government was funnelling money through the Pension Fund and Maldives Monetary Authority. In a strong rebuttal, he said his administration’s success stems from efficiency, discipline, and integrity — not “money printing.”
“We have paid the money owed to thousands of citizens” President Muizzu said.
“And we are doing this while fulfilling another promise I made — We are doing this without printing money.”
He emphasized that economic stability cannot be achieved through shortcuts, and that his government’s focus is on strengthening real sectors of the economy — tourism, fisheries, and construction — which generate tangible revenue and jobs.
“We govern with discipline, not deception. We are advancing the economy through hard work, not by running the printing press” he stated.
Repairing What Was Broken
President Muizzu recalled the fragile state of the economy when he assumed office, revealing that billions of rufiyaa in unpaid bills had been left behind by the previous government.
“When we took over, the economy was in an extremely bad state. It is changing, improving, and continues to improve” he said.
He added that the government has been methodically clearing these debts while maintaining fiscal restraint.
“Even now, there is about a billion rufiyaa remaining. As we’ve come this far, we’ve been paying many bills — even for work done last year” he said.
Fulfilling Promises Responsibly
President Muizzu stressed that all verified, finalized bills will be paid within the five-week window he announced earlier this month, reaffirming his credibility and accountability to the people.
“I will not abandon or fail to fulfill any promise I have made. I am fulfilling my promises within the bounds of law and regulations, alleviating all such difficulties for citizens” he stated.
He further noted that the government’s ability to pay debts without printing money demonstrates strong revenue management and confidence from financial institutions.
Building an Economy on Real Growth
President Muizzu reiterated that his economic strategy relies on productivity, investment, and growth — not inflationary finance. He pointed out that key revenue streams such as tourism and fisheries are being revitalized, while major infrastructure and housing projects continue without compromising fiscal stability.
“Our work is based on principles. We are managing this economy carefully, ensuring that no new money is printed. What we are doing is stabilizing the economy for the long term,” he affirmed.
A Message of Confidence and Control
As opposition voices attempt to stir concern about government finances, President Muizzu’s remarks reflected confidence and composure. His message was clear — the Maldives is moving forward through financial discipline, responsible governance, and transparent management, not artificial money creation.
He reminded the public that his administration is actively recovering USD 513 million in unpaid corporate debts, part of a broader fiscal strategy that prioritizes accountability over expediency.
“We will deliver on every promise — without printing a single rufiyaa” President Muizzu concluded, earning resounding applause from the crowd.
“This is how a responsible government works — with discipline, honesty, and respect for the people’s trust”.
