President announces special measures in line with the economic reform agenda

President Dr Mohamed Muizzu has announced special measures in line with the economic reform agenda proposed as part of the 2025 national budget. As an initial step, the President stated he will not be taking 50 percent of his salary as President.

The President shared this news via a post on his official X account on Wednesday evening.

Additionally, the President announced the following measures, which will be in effect for a two-year period:

1. A salary reduction of 10 percent for all politically appointed individuals.

2. A salary reduction of 10 percent for all staff of state-owned enterprises, excluding banks. Consequently, the take-home salaries of heads of these enterprises will be capped at MVR 90,000.

3. A proposition to relevant bodies to reduce the salaries of heads of independent institutions by 10 percent.

4. A proposition to the heads of the Judiciary and Parliament to reduce their salaries by 10 percent.

The President further revealed that individuals earning less than MVR 12,000 will be exempt from these measures.

President Dr Muizzu has launched an ambitious programme to address pressing economic issues and strengthen governance.