MVR 4.6 billion spent on PSIP
8 ޖޫން 2023 | ބުރާސްފަތި 07:16MVR 429.5 million has been spent on housing and infrastructure projects
The government has spent MVR 4.6 billion on Public Sector Investment Programs | MTCC
The Maldivian Government has spent MVR 4.6 billion on Public Sector Investment Programs (PSIP), by 25 May 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 1.4 billion on this sector; with MVR 506.8 million spent on airport development projects and MVR 507.1 million spent on harbor development projects during this time frame. MVR 391.2 million was spent on bridge development projects.
Additionally, MVR 1.1 billion has been spent on road development and land reclamation projects. As such, the state has so far spent MVR 541.2 million on land reclamation projects and MVR 578.7 million on road development projects.
Ministry's statistics show that MVR 429.5 million has been spent on housing and infrastructure projects.
Additionally, MVR 65.8 million has been spent on general administration projects.
The government has spent MVR 696.4 million on water and sewerage development projects. This includes MVR 552.7 million on installation of water and sewerage systems in islands, MVR 84. million spent on water systems and MVR 59.7 million spent on sewerage system installation.
Ministry's statistics goes on to reveal that MVR 207.5 million has been spent on the education sector.
While MVR 146.2 million has been spent on coastal protection projects, MVR 35.3 million was spent on waste management projects.
Statistics also shows that MVR 174.1 million was spent on the social and religious services. As such, MVR 30.4 million has been spent on mosques.
Furthermore, MVR 90.4 million was spent on health sector development projects.
The Maldivian Government's expenditure currently sits at MVR 18.7 billion according to the Finance Ministry.
