Nasheed Answers Concerns Voiced by DRP-Opposition on Govt’s Fiscal and Economic Reform Programme

President Mohamed Nasheed has met with DRP-Opposition Leader Ahmed Thasmeen Ali to confer on the government’s economic reform agenda and set measures to mandate comprehensive tax reform legislations Saturday evening.

Speaking at a Press Conference following the meeting, President Nasheed highlighted upon concerns voiced by the Opposition regarding proposed reforms, which have been set to stimulate economic recovery and ensure debt sustainability.

President Nasheed revealed that expenditure in the annual state budget being out of proportion to income, and the budget having a very high level of debt (over 7-8 million dollars) were among concerns raised by Ahmed Thasmeen Ali.

At the Press Conference, President Nasheed answered several press queries on draft legislation presented to the Parliament.

In his remarks, President Nasheed reiterated that a lot of effort is required to foster confidence and develop a successful tax reform system. The President added that the government welcomed opportunities such as this to work with the Opposition, in its efforts to deliver a programme of comprehensive economic and fiscal reform.