Government Outlines Debt Management Strategy Focused on Minimising Public Impact

Finance Minister Mohamed Shafeeq told Parliament that the Muizzu administration plans to tackle foreign debt while minimizing impact on citizens. The strategy includes fiscal reforms and tax adjustments such as raising the Airport Development Fee, Departure Tax, Green Tax, and taxes on unhealthy products. The government aims to broaden tax bases without increasing the tax burden on the public. Deputy Finance Minister Ahmed Saaid Musthafa highlighted that reforms to the Aasandha healthcare scheme aim to reduce costs without affecting the public. The medium-term revenue strategy report outlines plans to review GST and Green Tax rates.

Finance Minister Mohamed Shafeeq told Parliament that the Muizzu administration plans to tackle foreign debt while minimizing impact on citizens. The strategy includes fiscal reforms and tax adjustments such as raising the Airport Development Fee, Departure Tax, Green Tax, and taxes on unhealthy products. The government aims to broaden tax bases without increasing the tax burden on the public. Deputy Finance Minister Ahmed Saaid Musthafa highlighted that reforms to the Aasandha healthcare scheme aim to reduce costs without affecting the public. The medium-term revenue strategy report outlines plans to review GST and Green Tax rates.

Finance Minister Mohamed Shafeeq told Parliament that the Muizzu administration plans to tackle foreign debt while minimizing impact on citizens. The strategy includes fiscal reforms and tax adjustments such as raising the Airport Development Fee, Departure Tax, Green Tax, and taxes on unhealthy products. The government aims to broaden tax bases without increasing the tax burden on the public. Deputy Finance Minister Ahmed Saaid Musthafa highlighted that reforms to the Aasandha healthcare scheme aim to reduce costs without affecting the public. The medium-term revenue strategy report outlines plans to review GST and Green Tax rates.

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