President Ibrahim Mohamed Solih says income in January was a record MVR 3.5 Billion, the highest ever for a calendar month.
The President highlighted this in his Presidential Address to the parliament earlier this morning.
Emphasising Maldives' economic growth, President Solih stated that the World Bank initially forecast the Maldives' economy to grow by 7.6 percent in 2022 but had revised the growth forecast to 12.3 percent by the end of the year.
He added that the state collected MVR3.5 billion as income in January 2023.
Noting the importance of transportation in the equitable distribution of development all over the country, President Solih stated that by the end of this year, the administration would connect Huvadhu Atoll, Fuvahmulah City, and Addu City with the Raajje Transport Link (RTL) high-speed ferry service.
He added that the administration aims to connect all the islands through the RTL network.
The President cited that establishing electricity, ports, roads, water, sewerage, and the RTL network are the foundations on which the vision for the country's economy rests. He stated that providing basic amenities to the islands would boost their economies and raise the value of their land.
