National Budget 2025: SOE Salaries Should Be on Par With Civil Servants, says MMA Governor

Governor of the Maldives Monetary Authority (MMA), Ahmed Munawar, stated during a parliamentary Budget Committee meeting that salaries of employees at state-owned enterprises (SOEs) should be equal to or lower than those of civil servants. He emphasized the need to review salaries as the state provides funding to SOEs. According to a report by the Privatisation and Corporatisation Board, SOE employees numbered 33,284 at the end of the first quarter. Munawar expressed skepticism about the success of proposed financial reforms without salary adjustments.

Governor of the Maldives Monetary Authority (MMA), Ahmed Munawar, stated during a parliamentary Budget Committee meeting that salaries of employees at state-owned enterprises (SOEs) should be equal to or lower than those of civil servants. He emphasized the need to review salaries as the state provides funding to SOEs. According to a report by the Privatisation and Corporatisation Board, SOE employees numbered 33,284 at the end of the first quarter. Munawar expressed skepticism about the success of proposed financial reforms without salary adjustments.

Governor of the Maldives Monetary Authority (MMA), Ahmed Munawar, stated during a parliamentary Budget Committee meeting that salaries of employees at state-owned enterprises (SOEs) should be equal to or lower than those of civil servants. He emphasized the need to review salaries as the state provides funding to SOEs. According to a report by the Privatisation and Corporatisation Board, SOE employees numbered 33,284 at the end of the first quarter. Munawar expressed skepticism about the success of proposed financial reforms without salary adjustments.

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