President Dr Mohamed Muizzu has assured that housing and health sector projects will continue without interruption, even if global conflicts require the Government to scale back or delay other initiatives.
Speaking at a press briefing at the President’s Office, the President said the Government is closely monitoring global developments on a daily basis and assessing their potential impact on the Maldives.
He noted that austerity measures may become necessary as economic pressures increase, with priority to be given to essential sectors.
“If we are required to slow down or pause projects, we will prioritise housing and the health sector. These two sectors will continue without any delay. Other sectors may have to be scaled back or postponed if necessary,” President Dr Muizzu said.
The President added that projects most likely to be affected are new initiatives funded directly through the State budget. In contrast, projects supported through external financing, contractor-financed models, or those already underway will proceed as planned.
He emphasised that the Government is taking proactive measures to mitigate the impact of global conflicts on the public and to maintain overall economic stability.