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BusinessSubsidy spending hits MVR 4.1 billion
The Maldives' subsidy spending has reached MVR 4.1 billion, exceeding the annual budget by 43.5%. Rising global oil prices have driven costs for fuel and electricity far beyond initial projections. Despite international advice to shift toward targeted support, the government aims to cut costs by improving electricity generation efficiency.
News"Hiring changes to stop recruitment of dismissed SOE staff"
The LGA has banned island councils from hiring staff without prior approval to prevent the immediate recruitment of dismissed SOE employees who received severance packages. CEO Mohamed Nimal stated the measure ensures hiring follows proper procedures and aligns with government expenditure reduction policies amid public complaints.
