MVR 2.8 billion spent on PSIP
MVR 283.5 million has been spent on housing and infrastructure projects
The Maldivian Government has spent MVR 2.8 billion on Public Sector Investment Programs
The Maldivian Government has spent MVR 2.8 billion on Public Sector Investment Programs (PSIP), by 06 April 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 868.1 million on this sector; with MVR 353.3 million spent on harbor development projects and MVR 334 million spent on airport development projects during this time frame. MVR 180.5 million has been spent on bridge development projects.
Additionally, MVR 723 million has been spent on road development and land reclamation projects. As such, the state has so far spent MVR 335.6 million on road development projects and MVR 387.4 million on land reclamation projects.
Ministry's statistics show that MVR 283.5 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 396.7 million on water and sewerage development projects. This includes MVR 284.1 million on installation of water and sewerage systems in islands, MVR 73.9 million spent on water systems and MVR 38.6 million spent on sewerage system installation.
Ministry's statistics goes on to reveal that MVR 144.9 million has been spent on the education sector.
While MVR 111.1 million has been spent on coastal protection projects, MVR 17.4 million was spent on waste management projects.
Statistics also shows that MVR 102.9 million was spent on the social and religious services. As such, MVR 12.7 million has been spent on mosques.
Furthermore, MVR 31.8 million was spent on health sector development projects.
The Maldivian Government's expenditure currently sits at MVR 13.1 billion according to the Finance Ministry.
