Yameen: President Muizzu could create MVR 90 billion in debt if he remains in power

President Dr. Mohamed Muizzu could create MVR 90 billion in debt if he remains in office, says former President Abdulla Yameen Abdul Gayoom.

At a front office rally on Monday night by People’s National Front (PNF), Yameen, who once endorsed President Muizzu’s presidential bid, said that the administration has been doing nothing but spending excessively under various pretenses, and has done nothing that produces substantial results.

He made the remarks after Ismail Zariyand talked about the Maldives’ staggering debt.

Zariyand said that President Muizzu’s administration inherited close to MVR 130 billion in debt from its predecessor. He said that former administration of President Ibrahim Mohamed Muizzu had created close to MVR 60 billion in debt – which was within the same range as that during Yameen’s administration, which had preceded it.

Zariyand said that President Muizzu had created between MVR 30 billion and MVR 40 billion in debt within its first three years, which is expected to increase to MVR 57 billion by the end of this year.

Commenting on the increase in debt, Yameen noted that President Muizzu still has two years left in office.

“He has two years left. If he remains, then it is possible that this number increases to 80 or 90,0000 million. What the incumbent administration does best is to spend. To spend on various things. It hasn’t done anything that produces concrete or real results,” he said.

Yameen asked President Muizzu’s spokesperson and other aides to look at the statistics “before making tweets.”

Yameen said that he takes delight at government officials responding to his remarks, but that responses to mathematical figures must be made in kind.