Maldives Economy to Grow 6.8% Next Year as Government Targets 70% Project Completion

President Dr. Mohamed Muizzu announced that his administration's efforts to strengthen the national economy are showing results, with the budget forecasting 6.8% economic growth next year. In a recent appearance on the 'Nation Chat' program, the President highlighted that the country was heading towards bankruptcy when he assumed office, but through solid work, the nation's economy has become stronger. He stated that gross and usable reserves have been built to a record level, freeing citizens from large debts. According to the budget, MVR 11.7 billion in debt is expected to be repaid by the end of this year, and debt repayment expenditure for next year has been reduced to MVR 4.5 billion. The government's primary target for next year is to complete at least 70% of ongoing projects before initiating new ones.