MVR 2.7 billion spent on PSIP

The Maldivian Government has spent MVR 2.7 billion on Public Sector Investment Programs (PSIP), by 30 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 851.9 million on this sector; with MVR 338.7 million spent on harbor development projects and MVR 333.9 million spent on airport development projects during this time frame. MVR 179.1 million has been spent on bridge development projects.

Additionally, MVR 712.1 million has been spent on road development and land reclamation projects. As such, the state has so far spent MVR 328.7 million on road development projects and MVR 383.4 million on land reclamation projects.

Ministry's statistics show that MVR 252.4 million has been spent on housing and infrastructure projects.

Additionally, MVR 58.5 million has been spent on general administration projects.

The government has spent MVR 375.6 million on water and sewerage development projects. This includes MVR 265.4 million on installation of water and sewerage systems in islands, MVR 71.6 million spent on water systems and MVR 38.6 million spent on sewerage system installation.

Ministry's statistics goes on to reveal that MVR 122.6 million has been spent on the education sector.

While MVR 108.1 million has been spent on coastal protection projects, MVR 14.7 million was spent on waste management projects.

Statistics also shows that MVR 92.2 million was spent on the social and religious services. As such, MVR 9.9 million has been spent on mosques.

Furthermore, MVR 26.9 million was spent on health sector development projects.

The Maldivian Government's expenditure currently sits at MVR 11.9 billion according to the Finance Ministry.