President Abdulla Yameen has said development projects can only be spoken of after the People’s Majlis passes revenue raising measures.
Yameen said that in order to speed up the bills, a request for parliament sittings during this recess period had been submitted with signatures of twenty six members of parliament.
“God willing, when the revenue related bills are passed next week the projects in atolls will speed up,he said.
The Majlis in December passed a record MVR17.95 billion budget of which MVR3 billion is to be realised only after the parliament approves revisions to existing legislation.
The measures include hiking Tourism GST from 8 percent to 12 percent, revising import duties, continuing tourism bed tax for one more year, raising airport departure charge for foreign passengers from US$18 to US$25, leasing 12 islands for resort development, introducing GST for telecommunication services, and obtaining resort lease payments as a lump sum.