MVR 409.4 million spent on PSIP
MVR 34.7 million spent on water and sewerage development projects
Ungoofaaru Road Construction Project
The Maldivian Government has spent MVR 409.4 million on Public Sector Investment Programs (PSIP), by 19 January.
According to the statistics publicized by the Ministry of Finance, the highest expenditure was made on road development projects. As such a total of MVR 77.1 million has been spent on road development projects so far this year.
Statistics shows that the government has spent MVR 71.3 million on land reclamation by 19 January.
Additionally, the state has spent MVR 77.1 million on projects related to the transportation sector. As such, MVR 30.5 million was spent on harbor development projects and MVR 23.4 million has been spent on airport development projects during this time frame. MVR 23.3 million has been spent on bridge development projects.
Ministry's statistics also shows that MVR 52.7 million has been spent on housing and infrastructure projects.
Additionally, MVR 51.1 million has been spent on general administration projects.
The government has spent MVR 34.7 million on water and sewerage development projects.
These include MVR 18.8 million on installation of water and sewerage systems in islands, MVR 13.4 million spent on water systems and MVR 2.5 million spent on sewerage system installation.
Ministry's statistics goes on to reveal that MVR 14.5 million has been spent on the education sector.
The Maldivian Government's expenditure currently sits at MVR 1.6 billion according to the Finance Ministry.
Ministry of Finance revealed that the state has received MVR 736.8 million as revenue, so far this year.
