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Economic Downfall May Result MVR 10 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 10 billion in a budget deficit.

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

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.

Full details are available at the link below:

Source URL: Corporate Maldives

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