President Dr. Mohamed Muizzu has announced a decision to halve his salary as part of efforts to reduce government expenditure in the upcoming 2025 budget. The move is one of several planned under the government’s economic reform agenda aimed at cutting public spending.
Currently, the president’s monthly salary stands at MVR 100,000, as set by law. However, with the new decision, President Muizzu will receive MVR 50,000 per month going forward.
This salary reduction is part of a broader initiative to tighten the government’s finances. When the 2025 state budget is presented, further measures will be introduced to curb public expenditure, with the aim of ensuring economic sustainability. One key aspect of this plan is a proposed 10% salary cut across various sectors of the government and state-owned enterprises, excluding the civil service.
President Muizzu’s decision marks a significant step in addressing budgetary concerns, signaling the government’s commitment to implementing reforms to improve the country’s fiscal health.
