President Dr. Mohamed Muizzu stated that the initiatives for pay harmonization and rightsizing by the government are essential reforms designed to enhance the economy, raise workplace standards, and boost efficiency within state-owned enterprises.

In a press briefing at the President's Office, President Dr. Muizzu stated that the primary aim of pay harmonization is to enhance employees' net income while encouraging a better work ethic and fostering sustainable economic growth.

He stated that the initiative forms part of the government's wider plan to strengthen the national economy.

The President acknowledged that certain instances necessitate individual examination during the rollout of the new compensation system and mentioned that the appropriate agencies have been directed to evaluate those cases individually.

He also stated that rightsizing state-owned enterprises aims to align staffing levels with their operational requirements.

The President states that the process aims to enhance professional standards, minimize unnecessary expenditures, and boost institutional efficiency.

President Dr. Muizzu stated that the reforms are being carried out justly and openly, noting that the procedure eliminates any possibility of accusations regarding politically driven firings or inequitable treatment.

The President reiterated that alleviating the nation's financial burdens is still a priority, highlighting that settling external debt remains a primary goal for the government due to its direct effect on the economy and citizens' wellbeing.

He wrapped up by reiterating the administration's dedication to sustaining long-term economic stability and advancing reforms focused on creating a stronger and more resilient economy.