Fiscal discipline a greater achievement than credit rating upgrade: Spokesperson

Chief Government Spokesperson Mohamed Hussain Shareef said keeping state expenditure within the approved budget without incurring additional debt is a bigger achievement than the recent Fitch rating upgrade. He described the Fitch rating as a positive development but not a major change, and said further upgrades would bring more investments. He credited tax system reforms, expenditure control, and better revenue alignment to President Dr Mohamed Muizzu's strategic measures, stating the government prioritises long-term national interest over short-term political gains.

Chief Government Spokesperson Mohamed Hussain Shareef said keeping state expenditure within the approved budget without incurring additional debt is a bigger achievement than the recent Fitch rating upgrade. He described the Fitch rating as a positive development but not a major change, and said further upgrades would bring more investments. He credited tax system reforms, expenditure control, and better revenue alignment to President Dr Mohamed Muizzu's strategic measures, stating the government prioritises long-term national interest over short-term political gains.

Chief Government Spokesperson Mohamed Hussain Shareef said keeping state expenditure within the approved budget without incurring additional debt is a bigger achievement than the recent Fitch rating upgrade. He described the Fitch rating as a positive development but not a major change, and said further upgrades would bring more investments. He credited tax system reforms, expenditure control, and better revenue alignment to President Dr Mohamed Muizzu's strategic measures, stating the government prioritises long-term national interest over short-term political gains.

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