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News financial statements / Muizzu Maldives Impact 7.0/10 2 min read
Opposition Slams Muizzu Administration’s Efforts to Keep State Financial Standing Confidential

Opposition Slams Muizzu Administration’s Efforts to Keep State Financial Standing Confidential

Former Finance Minister Ibrahim Ameer criticized the Mohamed Muizzu administration for attempting to keep the state’s medium-term fiscal and debt statements confidential. The Parliament’s Public Accounts Committee, at the Finance Ministry's request, agreed to closed sessions, a departure from public disclosure since 2018. Ameer described the move as an unacceptable step backwards, stating that since 2019 such statements were published separately. He called for transparency to maintain stakeholder confidence, especially given low economic confidence. Ameer also criticized the suspension of Weekly Fiscal Development reports, arguing that confidentiality violates the spirit of the law.

Former Finance Minister Ibrahim Ameer criticized the Mohamed Muizzu administration for attempting to keep the state’s medium-term fiscal and debt statements confidential. The Parliament’s Public Accounts Committee, at the Finance Ministry's request, agreed to closed sessions, a departure from public disclosure since 2018. Ameer described the move as an unacceptable step backwards, stating that since 2019 such statements were published separately. He called for transparency to maintain stakeholder confidence, especially given low economic confidence. Ameer also criticized the suspension of Weekly Fiscal Development reports, arguing that confidentiality violates the spirit of the law.

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Maldives Republic

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Aug 7, 2024

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Former Finance Minister Ibrahim Ameer criticized the Mohamed Muizzu administration for attempting to keep the state’s medium-term fiscal and debt statements confidential. The Parliament’s Public Accounts Committee, at the Finance Ministry's request, agreed to closed sessions, a departure from public disclosure since 2018. Ameer described the move as an unacceptable step backwards, stating that since 2019 such statements were published separately. He called for transparency to maintain stakeholder confidence, especially given low economic confidence. Ameer also criticized the suspension of Weekly Fiscal Development reports, arguing that confidentiality violates the spirit of the law.

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