MP for Baarashu constituency, Ibrahim Shujau, has emphasized President Dr. Mohammed Muizzu’s commitment to addressing the financial situation of the Maldivian state. Speaking at a rally during the ruling Congress party meeting yesterday, MP Shujau outlined the government's plan to tackle the current financial situation in the Maldives.

Shujau stated that the government is prepared to take the necessary steps to overcome the economic challenges. He acknowledged that being in power often involves making difficult decisions and taking responsibility for past mistakes. He stressed the importance of apologizing to the people and taking corrective measures for the sake of the country’s financial stability.

Addressing wasteful state expenditures is a critical part of the government's plan to navigate the economic abyss. "When you are in power, you can't always do the right things. In such a situation, we will look at the wrong things, apologize to the people, and fix it. That is the policy of President Dr. Muizzu," Shujau explained.

Shujau also mentioned that foreign financial institutions have advised the government to reduce its debt and implement necessary projects. This comes in light of Fitch Ratings' recent downgrade of the Maldives' debt rating from B-negative to CCC+.