MMA warns of salary hike pressure, urges phased rollout

7 hours ago

The Maldives Monetary Authority (MMA) has cautioned that salary hikes in all sectors at once would strain the financing market, urging the government to implement increases in a phased and structured manner. Speaking before the Parliament’s Budget Review Committee on Saturday, MMA Governor Ahmed Munawwar said the biggest challenge for next year’s budget is managing salary increases under the ongoing pay