Summary
In today's meeting, discussions were held with officials from the Ministry of Finance and Public Enterprises regarding the proposed budget for 2027. The Minister briefed the members on the components of the 2027 budget, the cost-reduction measures planned for the year, and the strategies for their implementation. Furthermore, noting that a significant portion of the Maldives' revenue is spent on fuel, the Minister highlighted plans to reduce this expenditure by expanding renewable energy resources. The Minister stated that there is a strategic plan to ensure that 33% of the energy produced in the Maldives is derived from renewable sources by 2028. Additionally, the Minister emphasized that special priority will be given in 2027 to completing projects currently managed by state-owned enterprises, and it has been decided that stalled projects will be reassigned to other companies for completion.
Representatives of the Ministry of Finance and Public Enterprises in attendance at the meeting were:
- Mr. Hassan Zareer, Minister of Finance and Public Enterprises
- Mr. Ahmed Saeed Mustafa, Deputy Minister of Finance and Public Enterprises
- Mr. Adam Badrullah, Director of Budget Execution
- Mr. Zunain Shareef, Director of Financial Planning and Analysis
- Ms. Aishath Hasna Ahmed, Fiscal Policy Consultant
- Ms. Mariyam Shaffau Shareef, Fiscal Policy Consultant
Attendance
Dr. Ahmed Shamheed
South Hulhumale'
Present
Ahmed Xamyr
Central Mahchangolhi
Present
Abdulla Shareef
Kelaa
Present
Abdul Gafoor Moosa
Hanimaadhoo
Present
Ameen Faisal
Kanditheemu
Present
Mohamed Mamdooh
Funadhoo
Present
Mohamed Abbas
Velidhoo
Official
Ahmed Saleem
Eydhafushi
Present
Mauroof Zakir
Kendhoo
Present
Mohamed Shamin Habeeb
Kurendhoo
Present
Ibrahim Nazil
South Hithadhoo
Present
Ahmed Azaan Marzooq
Central Hithadhoo
Sick Leave
Qasim Ibrahim
Maamigili
Sick Leave
Ismail Nizar
North Feydhoo
Absent
Ali Fazad
Central Fuvahmulah
Present
Hamad Abdulla
North Fuvahmulah
Present
Saudulla Hilmy
North Thinadhoo
Present
Asadhulla Shihab
Gemanafushi
Present
Hanan Mohamed Rasheed
Guraidhoo
Present
Ashraf Rasheed
Faresmaathodaa
Present
Ahmed Aifan
North Henveyru
Present
Mohamed Dawoodh
North Kulhudhuffushi
Present
Works
29 Oct 2026
Review of Proposed Budget for the year 2027
Ongoing
Attendance Summary
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Present18
-
Absent01
-
Simultaneous Committee00
-
Sick Leave02
-
Leave00
-
Official01
-
Attendance Not Required00
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