Addu Meedhoo MP Rozaina Adam has stated that for President Ibrahim Mohamed Solih, preventing bankruptcy of the country is more important than winning the presidency.
Rozaina said this referring to the World Bank noting the government made difficult but still right decisions economically and praising the government for that. Sharing a news report published by RasOnline, Rozaina said that a tax raise will be one of the most difficult decisions for President Solih at this time as he has announced that he will contest for another term in next year's presidential election.
She said that the world is praising the President for taking strong measures believing it is more important for the country not to go bankrupt than to gain power.
World Bank Vice President for South Asia, Martin Raiser, who is on an official visit to Maldives, met with President Ibrahim Mohamed Solih yesterday. During the meeting, the South Asian Vice President praised the difficult but good decisions taken by the Maldivian government to manage the economy. He also stated that he hoped that the decisions would yield positive results.
The government has decided to raise GST from 6% to 8% and TGST from 12% to 16% starting from January next year.
The government said the decision was made to reduce debt and ensure the economy remains stable and to have what is needed for development. Due to to COVID and the rising of oil prices in the global market, the state's expenses have become high.
Rozaina said this referring to the World Bank noting the government made difficult but still right decisions economically and praising the government for that. Sharing a news report published by RasOnline, Rozaina said that a tax raise will be one of the most difficult decisions for President Solih at this time as he has announced that he will contest for another term in next year's presidential election.
She said that the world is praising the President for taking strong measures believing it is more important for the country not to go bankrupt than to gain power.
World Bank Vice President for South Asia, Martin Raiser, who is on an official visit to Maldives, met with President Ibrahim Mohamed Solih yesterday. During the meeting, the South Asian Vice President praised the difficult but good decisions taken by the Maldivian government to manage the economy. He also stated that he hoped that the decisions would yield positive results.
The government has decided to raise GST from 6% to 8% and TGST from 12% to 16% starting from January next year.
The government said the decision was made to reduce debt and ensure the economy remains stable and to have what is needed for development. Due to to COVID and the rising of oil prices in the global market, the state's expenses have become high.
