Ameer: Budget will raise debt, miss targets

1 week ago

Former Finance Minister Ibrahim Ameer has warned on Thursday that the proposed 2026 state budget will significantly increase national debt, citing rising expenditure, missed revenue targets, and unimplemented fiscal reforms. Speaking at a press conference held by the Maldivian Democratic Party (MDP) Economic Committee on Thursday, Ameer said the budget projects expenditure exceeding revenue, forcing the government to seek substantial financing.