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

25 ޖޫން 2024 | އަންގާރަ 11:54

Further details were not disclosed

Zunana Zalif | 25 ޖޫން 2024 | އަންގާރަ 11:54

President Dr. Mohamed Muizzu at a cabinet meeting

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.

President Dr. Mohamed Muizzu President's Office

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

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