In a decisive effort to reduce government spending, President Dr. Mohamed Muizzu has voluntarily given up 50% of his salary, a move mirrored by Speaker of Parliament Abdul Raheem Abdulla, who has also opted to relinquish half of his salary.

The decision aligns with the President’s broader economic reform agenda, which was outlined alongside the 2025 budget and includes several cost-cutting measures.

Abdul Raheem, in a post on X, expressed his support for the President’s initiative, agreeing to reduce his salary by 50% as part of the government's plan to cut the salaries of political figures by 10% in an effort to improve the state’s economy.

The reforms include a 10% salary reduction for political appointees and employees of government-owned companies, excluding banks.

Additionally, the salary cap for company executives will be set at MVR 90,000, down from over MVR 100,000.

The President also plans to propose a 10% salary cut for heads of independent institutions, judicial officials, and members of Parliament.

Notably, individuals earning less than MVR 12,000 will be exempt from these cuts.

The measures are set to be in place for two years, reflecting the government’s focus on reducing public expenditure and enhancing economic stability.