Gov’t to implement policy on cost reduction, revenue growth

The government is to implement a policy on cost reduction, revenue growth, and a medium-term revenue strategy.

This was announced by the President’s Office on Tuesday, following a meeting President Dr. Mohamed Muizzu held with his Cabinet of Ministers.

The decision stemmed from detailed discussions held on a paper presented by the Ministry of Finance.

The policy is to revolve around methods of cost reduction, revenue growth, and a medium-term revenue strategy.

In addition to implementing this policy, President Muizzu has also assigned a cabinet sub-committee to oversee and facilitate efforts to diversify the economy of the island nation.

The cabinet sub-committee will also be tasked with exploring avenues for revenue growth.

Further details of the work linked towards the implementation of this policy, were not disclosed.

The government is to implement a policy on cost reduction, revenue growth, and a medium-term revenue strategy.

This was announced by the President’s Office on Tuesday, following a meeting President Dr. Mohamed Muizzu held with his Cabinet of Ministers.

The decision stemmed from detailed discussions held on a paper presented by the Ministry of Finance.

The policy is to revolve around methods of cost reduction, revenue growth, and a medium-term revenue strategy.

In addition to implementing this policy, President Muizzu has also assigned a cabinet sub-committee to oversee and facilitate efforts to diversify the economy of the island nation.

The cabinet sub-committee will also be tasked with exploring avenues for revenue growth.

Further details of the work linked towards the implementation of this policy, were not disclosed.

Gov’t to implement policy on cost reduction, revenue growth

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Gov’t to implement policy on cost reduction, revenue growth

Comments

Fishermen’s protest made President Muizzu react as if northern rebels were storming Malé: Yameen

Fishermen protest over unfulfilled pledges; Pres. claims priority is increasing fishermen’s income

Yameen labels Ras Malé project as gov’t-driven corruption scheme, says Pres. has implicitly acknowledged it

Pres. positions manifesto as national development plan, framing election pledges as policy commitments

Pres. Muizzu ratifies Zakat bill, establishing new national fund and oversight structure

On This Day

Muizzu calls ceasefire-linked passport ban a “proud” foreign policy stand

1,182 tourist facilities currently operational nationwide

28 more receive vaccine doses against Covid-19

The FTA being put on hold worries the Chinese enterprises that intend to do businesses in Maldives

Covid-19: Daily new infections reported top 500 across Maldives

MNDF holds training program

Arrested in May 2015, Labaan now leads Maafushi Prison