MVR 3 billion spent on PSIP
20 އެޕްރީލު 2023 | ބުރާސްފަތި 11:47MVR 328.7 million has been spent on housing and infrastructure projects
The Maldivian Government has spent MVR three billion on Public Sector Investment Programs
The Maldivian Government has spent MVR three billion on Public Sector Investment Programs (PSIP), by 13 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 922.9 million on this sector; with MVR 375.4 million spent on harbor development projects and MVR 360.8 million spent on airport development projects during this time frame. MVR 186.4 million has been spent on bridge development projects.
Additionally, MVR 753.9 million has been spent on road development and land reclamation projects. As such, the state has so far spent MVR 405 million on land reclamation projects and MVR 348.9 million on road development projects.
Ministry's statistics show that MVR 328.7 million has been spent on housing and infrastructure projects.
Additionally, MVR 60.4 million has been spent on general administration projects.
The government has spent MVR 407.9 million on water and sewerage development projects. This includes MVR 288.3 million on installation of water and sewerage systems in islands, MVR 75.1 million spent on water systems and MVR 44.5 million spent on sewerage system installation.
Ministry's statistics goes on to reveal that MVR 153.6 million has been spent on the education sector.
While MVR 113.8 million has been spent on coastal protection projects, MVR 22.8 million was spent on waste management projects.
Statistics also shows that MVR 115.6 million was spent on the social and religious services. As such, MVR 12.6 million has been spent on mosques.
Furthermore, MVR 33.4 million was spent on health sector development projects.
The Maldivian Government's expenditure currently sits at MVR 13.5 billion according to the Finance Ministry.
