MVR 8 billion spent on PSIP
The government has spent MVR 1.7 billion on bridge development projects
S. Hulhudhoo Harbor Development Project
The Maldivian Government has spent MVR eight billion on Public Service Investment Programs (PSIP), thus far in 2022.
According to the statistics publicized by the Ministry of Finance on 13 December, 2022, the Maldivian government has spent MVR eight billion on PSIP projects, by 08 December, 2022.
Statistics show that highest expenditure was made on water and sewerage development projects. As such a total of MVR 1.4 billion was spent on the sector this year.
These include MVR 01 billion on installation of water and sewerage systems in islands, MVR 57.9 million spent on sewerage system installation and MVR 225.8 million spent on water systems.
Ministry's statistics goes on to reveal that MVR 624.4 million was spent on housing and infrastructure projects, MVR 444.1 million on land reclamation, MVR 804.9 million on road construction and MVR 872.1 million on harbor development projects.
Additionally, the government has spent MVR 1.7 billion on bridge development projects and MVR 524.9 million on airport development projects.
The government has so far spent; MVR 59.4 million on national security and public order, MVR 151.3 million on development of health services, MVR 371.9 million on education sector and MVR 662 million on environmental protection projects.
As such, MVR 214.7 million was spent on waste management projects, MVR 353.8 million was spent on coastal protection projects, MVR 78.5 million was spent on renewable energy projects and MVR 12.6 million was spent on water drainage systems.
By December 08, 2022, the Maldivian Government's expenditure has reached MVR 38 billion according to the Finance Ministry. As such, statistics show that the state spent MVR 25.7 billion as recurrent expenditure and MVR 9.7 billion as capital expenditure.
The government has also spent MVR 2.7 billion towards loan repayment and MVR 768.2 million was transferred to the Sovereign Development Fund.
Ministry of Finance revealed that the state has received MVR 24.9 billion as revenue, so far this year.
