K. Male'
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20 Aug 2022 | Sat 17:38
Magoodhoo airport elhumuge mashroou
Magoodhoo airport elhumuge mashroou
MTCC
Public Service Investment Programs
MVR four billion spent on PSIP projects
The government has spent MVR 386.3 million on bridge development projects
The government has spent MVR 217.8 million on airport development projects
The government has spent MVR 564.4 million on harbor development projects

The Maldivian Government has spent MVR four billion on Public Service Investment Programs (PSIP), thus far in 2022.

According to the statistics publicized by the Ministry of Finance on 16 August 2022, the Maldivian government has spent MVR four billion on PSIP projects, by 11 August 2022.

Statistics show that the most was spent on water and sewerage development projects. As such a total of MVR 778.5 million was spent in the sector this year.

These include MVR 642.9 million on installation of water and sewerage systems in islands, MVR 27.7 million spent on sewerage system installation and MVR 107.8 million spent on water systems.

Ministry's statistics goes on to reveal that MVR 326.6 million was spent on housing and infrastructure projects, MVR 208.1 million on land reclamation, MVR 449.7 million on road construction and MVR 564.4 million on harbor development projects.

Additionally, the government has spent MVR 386.3 million on bridge development projects and MVR 217.8 million on airport development projects.

The government has so far spent; MVR 25 million on national security and public order, MVR 105.6 million on development of health services, MVR 221.1 million on education sector and MVR 481.7 million on environmental protection projects.

As such, MVR 188.5 million was spent on waste management projects, MVR 216 million was spent on coastal protection projects, MVR 67.9 million was spent on renewable energy projects and MVR 9.3 million was spent on water drainage systems.

By August 11, 2022, the Maldivian Government's expenditure reached MVR 24 billion according to the Finance Ministry. As such, statistics show that the state spent MVR 16.4 billion as recurrent expenditure and MVR 5.7 billion as capital expenditure.

The government has also spent MVR 2.2 billion for loan repayment and MVR 485.9 million was transferred to the Sovereign Development Fund.

Ministry of Finance revealed that the state has received MVR 17 billion as revenue, so far this year.

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