Six billion rufiya spent on PSIP
16 ނޮވެމްބަރު 2022 | ބުދަ 14:47Government has spent MVR 1.3 billion on installation of water and sewerage systems in islands
The Maldivian Government has spent MVR 06 billion on Public Service Investment Programs
The Maldivian Government has spent MVR 06 billion on Public Service Investment Programs (PSIP), thus far in 2022.
According to the statistics publicized by the Ministry of Finance on 01 November, 2022, the Maldivian government has spent MVR 06 billion on PSIP projects, by 27 October, 2022.
Statistics show that highest expenditure was made on water and sewerage development projects. As such a total of MVR 1.3 billion was spent on the sector this year.
These include MVR 01 billion on installation of water and sewerage systems in islands, MVR 48.9 million spent on sewerage system installation and MVR 176.8 million spent on water systems.
Ministry's statistics goes on to reveal that MVR 518.5 million was spent on housing and infrastructure projects, MVR 364.9 million on land reclamation, MVR 720 million on road construction and MVR 776.2 million on harbor development projects.
Additionally, the government has spent MVR 595.9 million on bridge development projects and MVR 477 million on airport development projects.
The government has so far spent; MVR 36.5 million on national security and public order, MVR 136.5 million on development of health services, MVR 320.4 million on education sector and MVR 602 million on environmental protection projects.
As such, MVR 199.4 million was spent on waste management projects, MVR 310.6 million was spent on coastal protection projects, MVR 78.3 million was spent on renewable energy projects and MVR 13.7 million was spent on water drainage systems.
By October 27, 2022, the Maldivian Government's expenditure has reached MVR 33.3 billion according to the Finance Ministry. As such, statistics show that the state spent MVR 22.5 billion as recurrent expenditure and MVR 8.2 billion as capital expenditure.
The government has also spent MVR 2.5 billion towards loan repayment and MVR 653.5 million was transferred to the Sovereign Development Fund.
Ministry of Finance revealed that the state has received MVR 22.3 billion as revenue, so far this year.
