MVR 2.8 billion spent on PSIP projects
2 ޖުލައި 2022 | ހޮނިހިރު 11:20MVR 292.3 million was spent on housing and infrastructure projects
R. Rasmaadhoo shore protection project
The Maldivian Government has spent 2.8 billion rufiyaa on Public Service Investment Programs (PSIP), thus far in 2022.
According to the statistics publicized by the Ministry of Finance on June 23, the Maldivian government has spent MVR 2.8 billion on PSIP, by June 23, 2022.
Statistics shows that the most was spent on water and sewerage development projects. As such a total of MVR 511.8million was spent thus, this year.
These include MVR 390.2 million on installation of water and sewerage systems in islands, MVR 27.1 million spent on sewerage system installation and MVR 94.6 million spent on water systems.
Ministry's statistics goes onto reveal that MVR 292.3 million was spent on housing and infrastructure projects, MVR 160.7 million on land reclamation, MVR 213.7 million on road construction and MVR 418.4 million on harbor development projects.
Additionally, the government has spent MVR 283.7 million on bridge development projects and MVR 37.2 million on airport development projects.
The government has so far spent; MVR 19.1 million on national security and public order, MVR 90.9 million on development of health services, MVR 179.1 million on education sector and MVR 355.9 million on environmental protection projects.
By June 23, 2022, the Maldivian Government's expenditure reached MVR 18.3 billion according to the Finance Ministry. As such, statistics show that the state spent MVR 12.3 billion as recurrent expenditure and MVR 4.1 billion as capital expenditure.
The government has also spent MVR 1.8 billion for loan repayment and MVR 1.6 billion was transferred to the Sovereign Development Fund.
Ministry of Finance revealed that the state has received MVR 12.7 billion as revenue, so far this year.
