MVR 2.2 billion spent on PSIP projects
MVR 205.4 million was spent on housing and infrastructure projects
Hirilandhoo land reclamation project
The Maldivian Government has spent 2.2 billion rufiyaa on Public Service Investment Programs (PSIP), thus far in 2022.
According to the statistics publicized by the Ministry of Finance on June 01, the Maldivian government has spent MVR 2.2 billion on PSIP, by May 26, 2022.
Statistics shows that the most was spent on water and sewerage development projects. As such a total of MVR 379.3 million was spent thus, this year.
These include MVR 301.1 million on installation of water and sewerage systems in islands, MVR 18.2 million spent on sewerage system installation and MVR 60 million spent on water systems.
Ministry's statistics goes onto reveal that MVR 205.4 million was spent on housing and infrastructure projects, MVR 160.5 million on land reclamation, MVR 178.6 million on road construction and MVR 298.3 million on harbor development projects.
Additionally, the government has spent MVR 258.5 million on bridge development projects and MVR 37.2 million on airport development projects.
The government has so far spent; MVR 17.3 million on national security and public order, MVR 80.4 million on development of health services, MVR 142.4 million on education sector and MVR 277.6 million on environmental protection projects.
By May 26, 2022, the Maldivian Government's expenditure reached MVR 15.7 billion according to the Finance Ministry. As such, statistics show that the state spent MVR 10.6 billion as recurrent expenditure and MVR 3.5 billion as capital expenditure.
The government has also spent MVR 1.7 billion for loan repayment and MVR 280.2 million was transferred to the Sovereign Development Fund.
Ministry of Finance revealed that the state has received MVR 11.1 billion as revenue, so far this year.
The Ministry's statistics show that income generated from tax has reached MVR 7.9 billion. As such, the state received MVR 1.2 billion as General Goods and Services Tax and MVR 3.4 billion as Tourism Goods and Services Tax. Moreover, MVR 1.3 billion was generated as Business and Property Tax.
While the sate earned MVR 1.2 billion as Import Duties, statistics show that MVR 328.4 million was earned as Airport Service Charge.
The state received MVR 3.2 billion as Non-Tax Revenue, according to the Finance Ministry.
Statistics show that Maldivian state received MVR 6.9 million as capital receipts and MVR 169 million as Grants, so far this year.
