MVR 3.2 billion spent on PSIP
MVR 445.5 million has been spent on land reclamation projects
The Maldivian Government has spent MVR 3.2 billion on Public Sector Investment Programs
The Maldivian Government has spent MVR 3.2 billion on Public Sector Investment Programs (PSIP), by 20 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 962.6 million on this sector; with MVR 397.8 million spent on harbor development projects and MVR 365.9 million spent on airport development projects during this time frame. MVR 198.6 million has been spent on bridge development projects.
Additionally, MVR 812.2 million has been spent on road development and land reclamation projects. As such, the state has so far spent MVR 445.5 million on land reclamation projects and MVR 366.6 million on road development projects.
Ministry's statistics show that MVR 328.7 million has been spent on housing and infrastructure projects.
Additionally, MVR 63 million has been spent on general administration projects.
The government has spent MVR 417.7 million on water and sewerage development projects. This includes MVR 297.2 million on installation of water and sewerage systems in islands, MVR 75.7 million spent on water systems and MVR 44.9 million spent on sewerage system installation.
Ministry's statistics goes on to reveal that MVR 173.3 million has been spent on the education sector.
While MVR 113.8 million has been spent on coastal protection projects, MVR 22.9 million was spent on waste management projects.
Statistics also shows that MVR 138.9 million was spent on the social and religious services. As such, MVR 24.6 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 14.3 billion according to the Finance Ministry.
