President Muizzu Says Next Year's Budget Will Focus on Completing Existing Projects
Politics ·
President Mohamed Muizzu has announced that the government's proposed budget for next year, to be submitted to parliament tomorrow, will prioritize completing at least 70% of currently assigned projects. Speaking on the state media program 'Nation Chat,' the President stated the main objective is to advance ongoing or stalled projects rather than launching new ones. He added that steps have been taken to improve the country's credit rating and reduce debt, which will enable future projects to proceed smoothly. The government has not yet disclosed the size of the upcoming budget. The approved budget for this year, estimated at 64 billion rufiyaa, is the largest in the country's history.