MMA recommends targeted electricity subsidy system

3 hours ago

The Maldives Monetary Authority (MMA) has said implementing a targeted subsidy system is crucial to reducing electricity subsidy expenditure and strengthening fiscal sustainability. The central bank submitted its recommendations on the proposed 2027 state budget to Parliament's Budget Committee on Tuesday. Presenting the MMA's recommendations, Mariyam Rashfa, Managing Director of the Monetary Policy, Economics and Statistics Department, said current projections indicate expenditure