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NewsAim for 2027 budget is to complete 70 percent of projects
President Muizzu announced that the 2027 budget prioritizes finishing 70% of contracted projects by the end of next year. The plan focuses on completing ongoing work and stalled ventures rather than starting new ones. This strategy aims to deliver public benefits while stabilizing the economy and improving the nation's credit rating.
BusinessMTCC has 6700 employees, most positions are contract-based
MTCC reports a workforce of 6,700 employees, with only 2,500 being permanent staff. Following a merger with the Road Development Corporation, the company’s headcount will grow by over 4,000, establishing a presence on every inhabited island. This expansion comes amid criticism over rapid hiring practices within state-owned enterprises.
