With the latest election, one of the most discussed aspects was the high cost that was borne by the state for an election year, especially as the Maldives was already faced with a dire debt situation leading the Government to promise measures to reduce state expenses.
Ras Online
As of late one of the biggest discussions taking place in the Maldives surrounds the topic of cutting state expenses and budgeting better in order to ensure that the Government can take measures in order to manage the ever-evolving debt situation in the country. With this, the Maldivian government is set to propose a significant constitutional amendment aimed at holding simultaneous presidential and parliamentary elections. This initiative, announced by President Dr Mohamed Muizzu at the People's National Congress rally, is intended to reduce election-related expenditure and streamline the electoral process.
Although each parliamentary year brings a host of new initiatives and legislative changes, it also incurs significant expenses, particularly during election periods and inauguration days. Holding elections involves extensive logistical arrangements, such as setting up polling stations, hiring and training election staff, printing ballots, and ensuring the security of the voting process. These activities require substantial financial resources. Additionally, inauguration day itself is a significant expense, involving elaborate ceremonies, security measures, transportation, and accommodation for dignitaries.
These events necessitate meticulous planning and coordination, contributing to the overall costs associated with facilitating the democratic process. With the latest election, one of the most discussed aspects was the high cost that was borne by the state for an election year, especially as the Maldives was already faced with a dire debt situation leading the Government to promise measures to reduce state expenses. Although the Maldives was focused on reducing wasteful expenses, the last parliamentary elections cost over MVR 120 million, while the Presidential election expenses exceeded MVR 180 million, totalling approximately MVR 300 million.
Not only are these figures shocking, considering the government’s promises to reduce the state expenditure, but these exorbitant expenses were made during a time when the Maldives was looking at a bleak future due to the increasing debt of the Maldives. Noting the wasteful expenditure made during both the Parliamentary elections, as well as the Presidential election, President Dr Mohamed Muizzu, noted that by holding both elections simultaneously, the government aims to save an estimated MVR 120 million, which can be redirected to public services and development projects.
The President emphasized that the financial savings from this initiative could be utilized to enhance economic and social programs, benefiting communities across the Maldives. He suggested that the money saved could facilitate the development of smaller villages into larger, more prosperous communities, thereby improving the quality of life for residents.
To implement this change, an amendment to the Constitution is required, which necessitates a majority vote in Parliament. President Nasheed expressed confidence that the Maldivian people would support this amendment through a voting process, indicating widespread public approval for the proposal. If the amendment is passed, the 2028 elections could be the first to be held under this new system.
