Failure to execute austerity measures might cause difficult challenges later this year: Cabinet

Cabinet has decided today to take important austerity measures to manage the MVR 15.3 billion budget that was passed by the parliament for this year.

Cabinet took the decision after discussing a paper submitted by the Ministry of Finance and Treasury. President’s Office has said that the Finance Ministry would soon communicate the austerity measures with government offices.

President’s Office has also said that the members of the Cabinet noted that, by late this year, the country might have to face enormous challenges unless strict budgetary control measures were not implemented.

The cabinet also decided that basic services to the people must continue without any disruption.