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President Solih: Will propose a surplus budget for 2029, with an economy valued at MVR 170B

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Predicting state revenue will rise to MVR 50 billion by the end of next term, President Ibrahim Mohamed Solih has stated the state budgets submitted for parliamentary approval after that will be surplus.

Speaking at a campaign event in Th. Gaadhiffushi – the president said that pledges made for the next term are based on those statistics.

He stressed that multiple efforts were underway to secure the money that will fund efforts to fulfill these pledges.

“Our pledges are based on those [statistics]. We are very clearly witnessing the economy becoming doubled,” he said.

President Solih said Maldives’ economy, at the full completion of these projects in 2028, will rise up to MVR 170 billion.

He also added that the state revenue will be increased to MVR 50 billion by the end of 2028, following which the next state budget submitted will be a surplus budget.

“Starting from 2018 till 2028, we will, by the will of God, raise the Maldivian economy to over MVR 170 billion. Funds entering the state, which is required to raise the economy to this level, is increasing year by year as well,” he said.

“In this regard, will aim for MVR 50 billion [state revenue] in 2028, surpassing MVR 45 billion. The result will be the government having enough funds to implement the plans we have proposed. Hopefully, the budget we submit for parliament’s approval in 2028 will be balanced, or surplus,” he said.

President Solih stressed that this target can only be reached if a second term is secured. He added that an additional ‘two to three’ years were required, in this trajectory.

Speaking further, President Solih described Gaadhifusshi as an island that has been neglected by previous administrations due to its low population.

On the contrary, the president said his administration commenced the current term with an aim to develop such islands.

“As I believe, Maldives can only be developed by ensuring all basic services in all islands,” he added.

The president promised to undertake all efforts necessary for the development of such islands in the future as well.

Source(s): sun.mv

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Developmental projects of Maldives progressing substantially

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India’s Minister of External Affairs Dr. S. Jaishankar has affirmed that the developmental projects of the Maldives carried out with the assistance of India have been progressing considerably. The remarks were made by the minister during the Confederation of Indian Industry (CIIs) Annual Business Summit.

Speaking at the summit, Minister Jaishankar stated that some developmental projects were slightly politically influenced, hindering the progress. However, he assured that the progress of the projects have propelled at a notable rate.

Following the Minister of Foreign Affairs Moosa Zameer’s official visit to India at the invitation of Minister Jaishankar, discussions were held highlighting the spectrum of initiatives across the nation has been kickstarted through loans and grants from the Government of India during the previous administration. He emphasised the current government’s commitment to prioritising the resumption and completion of these projects.

Meanwhile, the Government of India has reaffirmed its commitment to the development and prosperity of the Maldives by extending a budgetary support of USD 50 million to be repaid within a term of one year.

Source(s): PsmNews

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Police officers complete training to prevent maritime terrorism acts

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A team of 22 police officers has successfully completed a specialised training programme focused on thwarting maritime terrorism activities.

Entitled “Training on Strengthening Capabilities to Disrupt Maritime Crimes as Related to Terrorist Threats,” the program was conducted through a collaborative effort between the Maldives Police Service (MPS) and the United Nations Office on Drugs and Crime (UNODC). Running from May 13 to 15, the intensive training equipped participants with essential skills and knowledge crucial for combating threats in maritime environments.

The concluding ceremony, graced by the presence of Chief Superintendent of Police Ibrahim Adnan Anees, Head of Marine Police, along with senior officials from the Marine Police Department, UNODC’s Head of Office Enrico Boninsegna, and course instructor Kenneth Alferdo Pennington, highlighted the significance of such initiatives in enhancing national security.

Addressing the gathering, Adnan underscored the importance of ongoing education and skill development, urging participants to actively apply the knowledge garnered from the program in their professional endeavors.

The training, conducted at Dhoonidhoo, Kaafu Atoll, imparted vital insights into the prevention and detection of maritime terrorism activities, emphasizing protocols for safe navigation in high-risk areas. Furthermore, officers received guidance on investigative procedures essential for effectively addressing such crimes, thereby bolstering the nation’s capabilities in combating maritime threats.

Source(s): PsmNews

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President reverts land act amendment to parliament

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President Dr. Mohamed Muizzu has reverted the Ninth Amendment Bill to the Maldives Land Act to Parliament for further consideration.

This bill, which seeks to establish criteria for recipients of residential land and mandates that land be allocated within three months of the publication of the permanent list of recipients in the gazette, was initially passed during the twenty-second sitting of Parliament’s first session this year and sent to the President’s Office for ratification on May 2.

In returning the bill, President Muizzu invoked Article 91(a) of the Constitution, which grants the President the authority to return legislation to Parliament for reconsideration.

The President’s Office has confirmed this, indicating the need for further review and potential revisions to the proposed amendment.

Source(s): PsmNews

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