Govt takes MVR 2.4 billion from pension fund
ADAdhadhu – 4 hours ago
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The government has conducted a transaction of MVR 2.4 billion through the pension fund due to a lack of funds to pay salaries this month. Economists describe this transaction as printing money, utilizing loopholes in the law. Many board members and senior staff of the Pension Office have resigned in opposition to this transaction. There are fears that this decision will increase inflation and further raise the cost of living for the general public.