P. K. Balachandran
Of the US$168 million budget for 2025, Indian aid accounts for US$104 million
Backed by substantial foreign budgetary assistance, Maldivian President Dr.Mohamed Muizzu has announced sweeping administrative and judicial reforms.
The Maldivian budget for 2025 is for MVR 2.5 billion (US$ 168 million). MVR 2.3 billion (US$ 149.8 million) is expected to be received from friendly countries with India accounting for US$ 104 million of it.
Backed financially by friendly countries and international institutions and facing no geopolitical tensions, President Muizzu has declared a commitment to rectifying the missteps of previous administrations, a top official said.
“The aim is to restore public trust besides improving the lives of Maldivians across the 1200 island Indian Ocean archipelago,” the official said.
Dr. Muizzu identified several critical areas that had suffered neglect. To restore economic stability, he is mulling stimulants to growth, reduction in unemployment, and encouraging foreign investment. He plans to expand access to essential services, improving hospital infrastructure, and introduce programs aimed at reducing healthcare costs for citizens. “No one should have to choose between financial stability and their health,” the President stated.
Recognizing the importance of education in fostering national development, Dr. Muizzu has proposed increasing the funding for schools, improving teacher training, and enhancing curriculum standards.
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