K. Male'
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29 Mar 2023 | Wed 16:45
The Maldivian Government has spent MVR 2.6 billion on Public Sector Investment Programs
The Maldivian Government has spent MVR 2.6 billion on Public Sector Investment Programs
MTCC
Public Sector Investment Programs
MVR 2.6 billion spent on PSIP
 
MVR 178.9 million has been spent on bridge development projects
 
MVR 291.4 million has been spent on road development projects
 
MVR 241.4 million has been spent on housing and infrastructure projects

The Maldivian Government has spent MVR 2.6 billion on Public Sector Investment Programs (PSIP), by 23 March 2023.

According to the statistics publicized by the Ministry of Finance, the highest expenditure was made on projects related to the transport sector. As such, the state has so far spent MVR 822.8 million on this sector; with MVR 309.9 million spent on harbor development projects and MVR 333.9 million spent on airport development projects during this time frame. MVR 178.9 million has been spent on bridge development projects.

Additionally, MVR 674.9 million has been spent on road development and land reclamation projects. As such, the state has so far spent MVR 291.4 million on road development projects and MVR 383.4 million on land reclamation projects.

Ministry's statistics show that MVR 241.4 million has been spent on housing and infrastructure projects.

Additionally, MVR 57.4 million has been spent on general administration projects.

The government has spent MVR 368 million on water and sewerage development projects. This includes MVR 261.2 million on installation of water and sewerage systems in islands, MVR 68.2 million spent on water systems and MVR 38.6 million spent on sewerage system installation.

Ministry's statistics goes on to reveal that MVR 108.7 million has been spent on the education sector.

While MVR 97.2 million has been spent on coastal protection projects, MVR 14.3 million was spent on waste management projects.

Statistics also shows that MVR 91.9 million was spent on the social and religious services. As such, MVR 9.9 million has been spent on mosques.

Furthermore, MVR 26.8 million was spent on health sector development projects.

The Maldivian Government's expenditure currently sits at MVR 10.7 billion according to the Finance Ministry.

Last updated at: 7 months ago
Reviewed by: Fathimath Zuhaira
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