This government has received more USD revenue in two years than any previous administration: Ameer

Former Finance Minister Ibrahim Ameer has stated that the current administration has generated more US dollar revenue within its first two years than any previous government.

Speaking at an MDP rally held Wednesday night, former Ameer addressed recent claims by Economic Minister Mohamed Saeed regarding debt repayment. Ameer noted that while the Minister asserts this administration has repaid more foreign currency debt than any previous government, it is equally true that the administration has received record-breaking dollar revenue during its first two and a half years, surpassing the income of any previous government.

Ameer noted that while former President Abdulla Yameen’s administration received $1.2 billion over two and a half years, and former President Ibrahim Mohamed Solih’s government secured $1.2 billion despite the challenges of the COVID-19 pandemic, President Dr. Mohamed Muizzu’s administration has already received $3.5 billion to date.

Furthermore, Ameer questioned the whereabouts of the remaining dollars after the debt repayments were settled.

Even after settling the debt and paying the $1.3 billion they mentioned, approximately $2 billion remains unaccounted for. Where did this $2 billion go? When comparing the debt repayment ratio relative to revenue, their figures are significantly lower; they have only managed 24 percent, whereas previous administrations exceeded 30 percent.

Ibrahim Ameer

Ameer stated that the government should not terminate employees without first implementing structural reforms, and emphasized that the practice of paying resort salaries in US dollars must remain unchanged.

Furthermore, Ameer stated that if the administration fails to realize that spending $200 million on the Ras Malé reclamation project would impact the black market, they are unfit to govern. He further remarked that the Maldives has not seen such an "inept" government in recent history.