Moving to RE will help us curb a huge amount of FX outflows each year. Let’s not forget, the resorts consume an equivalent amount of fossil fuel to that of inhabited islands, if not more. Carbon taxation is a must to incentivize the private sector to move towards RE.
A Phillips curve for Google searches on "inflation" and "unemployment" over the past two years looks about how you'd expect. We've been on vertical part since October 2021.
What I want to see in manifestos for Maldives’ 2023 elections, in no particular order, are plans to:
- Lower our debt to GDP ratio
- Reduce government budget deficit and creat a surplus
- Reduce political posts and appoint only technocrats
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New #MMAresearchpaper – Output gap estimation for the Maldives.
The paper adapts different univariate statistical methods for the estimation of the output gap for the Maldives.
https://t.co/vfBxMX2qzH
Fuel Subsidy is a Carbon Subsidy
We are paying utility companies to burn fossil fuels.
If Maldives want to rapidly reach #NetZero this needs to go stop so utilities are forced to make their operations efficient and less carbon intensive.
It can't be business as usual!
Discrimination against low-income forieng workers is hardly surprising. We are about to implement a minimum wage that essentially excludes them. Such blatant discrimination against foreigners in the workplace would cause an uproar in most developed countries.
Are offices reopening coz that’s so predictable 🤭 A significant amnt of civil servants can work from home & physically being present is unnecessary. Facilitation of WFH & remote working is a better step towards decentralisation than any of these dumb housing loans for islands
Doctors can't be too senior to refuse to work in a pandemic. Facilities are manned by MOs, they do their best. Remove these individuals who refuse to work and cancel their licence to practice!
Okay I get that you arent being taxed on gift received within +/-30 days of the marriage date. But aren’t there bigger & better reforms needed in the tax system? Things which would actually make a difference? Why not revise the current Green tax?
Not to mention the millions of FX we wouldn’t then need to spend on oil imports. In 2019, approx 16% of our total imports was petroleum products. Imagine the +ve impact it would have on our BOP. But then again, when does any of the govts in the Maldives do anything sensible?
Use those revenue to invest in renewable energy projects. The govt would be able to save large amounts which are currently used to double subsidize the oil bills and electricity bills. And the resorts will also then be HOPEFULLY incentivized to invest in RE.