Economic Downfall May Result MVR 12 Billion in Budget Deficit – Finance Minister

Minister of Finance Ibrahim Ameer has announced that the economic downfall due to the COVID-19 pandemic may cause MVR 12 billion in budget deficit.

Speaking at the press conference held today (1st April) at Dharubaaruge, the Minister said that the government income has decreased.

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The government has imposed a temporary ban on the arrival of tourists, which as caused a huge toll on the Maldivian economy.

Government and relevant authorities are taking necessary measures to overcome this crisis.

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