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Tuesday, September 25, 2012

Maldives - Towards Deficit - Financing of 26 Billion MVR estimated at the end of this year

The country Maldives still has not shown her productive capacity being a dependent economy to all other neighboring economies to fill up hunger, for daily consumption of consumer durable and consumer non-durable goods. All political vows added up the deficit and now, Dr. Waheed's government is struggling to meet the government revenue and expenditure.

The Inflation of the country roared at higher than 16 % this June and the Unemployment rate is expected to be above 35% at the end of this year. Recently appointed politicians advocates all failures of their government. Today, Deputy minister of Education Mr, Imad Solih admitted to the fact that the education system of the country has failed and a major re-structure is needed. 

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