President Dr Mohamed Muizzu has emphasised that pay harmonisation and rightsizing companies are essential measures to strengthen the economy and promote a stronger work ethic.
The President made the remarks while responding to questions from journalists during a press briefing held at the President's Office this morning.
Responding to questions on the Government's efforts to harmonise pay structures and optimise staffing levels within State-owned enterprises (SOEs), the President said the primary objectives of pay harmonisation are to increase employees' take-home income, strengthen professional work ethics and support economic growth. He added that these measures form part of the Government's broader strategy to reinforce the national economy.
The President noted that certain cases require individual consideration during the implementation of pay harmonisation and confirmed that the relevant authorities have been instructed to review such cases accordingly.
He further stated that rightsizing companies, by ensuring staffing levels are appropriate to their operational needs, is intended to uphold professional standards while reducing expenditure. The President stressed that the process is being carried out fairly and transparently, leaving no room for allegations of politically motivated dismissals or undue influence.
Highlighting the broader objectives of the Administration's reforms, the President said these measures are designed to improve institutional efficiency. He also reaffirmed that settling the country's external debt remains a key Government priority, noting that it has a direct impact on the lives and wellbeing of citizens.
Reflecting on the current economic landscape, the President reiterated the Administration's commitment to maintaining long-term economic stability and affirmed that efforts to strengthen the economy will continue with consistency and determination.