The salaries of the Chief Minister, ministers, and all MLAs have been increased by about 25%. This comes at a time when the state is struggling with a massive financial crisis, and many are asking if this was the right time for such a move.
"Without significant policy changes, the overall fiscal deficits and public debt are projected to stay elevated, and the Maldives remains at high risk of external and overall debt distress", the IMF stated in its report.
China has been using "debt-trap diplomacy" to wield outsize influence on borrowing countries and coerce them into coughing up physical and illegal assets.