Maldives’ President Slashes Salary By 50% In New Austerity Measures …C0NTINUE READING HERE >>>
In a bid to avert a looming debt crisis, the president of Maldives, Mohamed Muizzu, will slash his salary by 50% as part of a wider austerity programme targeting public sector wages, his office announced on Thursday.
The move comes as the nation grapples with severe financial challenges, prompting cuts across most government roles.
According to an official statement, Muizzu’s own salary will be reduced from 1.2 million Rufiyaa annually to 600,000 Rufiyaa ($39,087) starting next year. This…
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