The Minister of Finance and Planning Moosa Zameer has announced that while the government considers implementing spending cuts in response to current economic pressures over the conflict in the Middle East, critical services in healthcare and housing will remain fully unaffected.
Speaking at a press conference held by the special ministerial committee, Minister Zameer confirmed he is currently seeking the President’s guidance on adjusting fiscal policies, emphasising that medical treatment programmes and ongoing housing projects will continue without interruption.
“Health services cannot be compromised,” he said, noting that the President has issued clear directives to ensure no disruption in healthcare delivery or housing initiatives.
While some non-essential projects may face delays depending on the duration of the ongoing regional crisis, the government will manage cash flow by rescheduling rather than halting vital developments, he explained.
The Minister highlighted that projects worth around USD 259.4 million, largely financed through contractor-based arrangements, will proceed as planned. He also addressed concerns over supply chain disruptions, noting that the State Trading Organization (STO) and private sector partners are offering support to ensure essential construction materials continue to reach the Maldives.
According to joint estimates by the Maldives Inland Revenue Authority (MIRA), Maldives Monetary Authority (MMA), and the Ministry of Finance of Planning, the country could face monthly economic losses of USD 5.5 to 6.2 million if the conflict persists.
While formal austerity measures have not yet been announced, the government has pledged to safeguard essential public services, ensuring continuity and stability for citizens during this challenging period.