Government Ready to Implement Fiscal Reform Programme; SOEs First in Line: Minister Shafeeq
Finance Minister Mohamed Shafeeq announced on 20 May 2024 that the government is ready to implement fiscal reforms, starting with state-owned enterprises (SOEs). Speaking at the launch of the World Bank's 'Scaling Back and Rebuilding Buffers' report, he said 2023's poor performance was due to unimplemented reforms. Priority actions include reforming SOEs, the Aasandha health scheme, and subsidy system. The 2024 budget allocates MVR 600 million for targeted subsidies. The World Bank report highlights a debt-to-GDP ratio of 122.9% and projects 4.7% economic growth for 2024, warning of debt challenges unless strong measures are taken.
Finance Minister Mohamed Shafeeq announced on 20 May 2024 that the government is ready to implement fiscal reforms, starting with state-owned enterprises (SOEs). Speaking at the launch of the World Bank's 'Scaling Back and Rebuilding Buffers' report, he said 2023's poor performance was due to unimplemented reforms. Priority actions include reforming SOEs, the Aasandha health scheme, and subsidy system. The 2024 budget allocates MVR 600 million for targeted subsidies. The World Bank report highlights a debt-to-GDP ratio of 122.9% and projects 4.7% economic growth for 2024, warning of debt challenges unless strong measures are taken.
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Finance Minister Mohamed Shafeeq announced on 20 May 2024 that the government is ready to implement fiscal reforms, starting with state-owned enterprises (SOEs). Speaking at the launch of the World Bank's 'Scaling Back and Rebuilding Buffers' report, he said 2023's poor performance was due to unimplemented reforms. Priority actions include reforming SOEs, the Aasandha health scheme, and subsidy system. The 2024 budget allocates MVR 600 million for targeted subsidies. The World Bank report highlights a debt-to-GDP ratio of 122.9% and projects 4.7% economic growth for 2024, warning of debt challenges unless strong measures are taken.
This story involves 1 source and may affect public understanding of soe / fiscal reform.
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Focus: Government Ready to Implement Fiscal Reform Programme; SOEs First in Line: Minister Shafeeq
Unique detail: Government Ready to Implement Fiscal Reform Programme; SOEs ...
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