President Dr. Mohamed Muizzu has announced special measures in line with the economic reform agenda outlined in the 2025 national budget. As a first step, he revealed that he will forgo 50 percent of his presidential salary.
The President shared this update via a post on his official X account on Wednesday evening.
Additionally, he announced the following measures, which will be in effect for two years:
- A 10 percent salary reduction for all political appointees.
- A 10 percent salary reduction for employees of state-owned enterprises, excluding banks, with the take-home salaries of heads of these enterprises capped at MVR 90,000.
- A proposal to reduce the salaries of heads of independent institutions by 10 percent.
- A recommendation to the heads of the Judiciary and Parliament to reduce their salaries by 10 percent.
The President also clarified that individuals earning less than MVR 12,000 will be exempt from these measures.
President Dr. Muizzu’s economic reform program aims to tackle key financial challenges while enhancing governance.
