Minister of State for Economic Development Adhil Saleem told Miadhu that economic recovery can only be confirmed when there is a clear progress in the tourism sector and tourist arrivals.
Saleem said the government is addressing the budget deficit by raising additional funds, mainly increased revenue from the tourism sector.
He added that the tourism sector has improved but not the government’s expectations.
“Economy will only progress when there is increased spending,” Saleem said, adding that the construction of new resorts is crucial to the recovery of the tourism industry.
Saleem also mentioned the importance of improving the fishing industry. “We cannot solely depend on tourism,” he said, adding that the fisheries industry is in “bad shape.”