MVR 6.3 billion spent on PSIP
MVR 132.8 million has been spent on health sector development projects
The Maldivian Government has spent MVR 6.3 billion PSIP
The Maldivian Government has spent MVR 6.3 billion on Public Sector Investment Projects (PSIP), by 27 July 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 2.1 billion on this sector; with MVR 861.2 million spent on airport development projects, MVR 732.9 million spent on harbor development projects during this time frame and MVR 528.8 million was spent on bridge development projects.
Additionally, MVR 1.5 billion has been spent on road development and land reclamation projects. As such, the state has so far spent MVR 765 million on land reclamation projects and MVR 764 million on road development projects.
Ministry's statistics show that MVR 512.1 million has been spent on housing and infrastructure projects.
Additionally, MVR 77.2 million has been spent on general administration projects.
The government has spent MVR 908.3 million on water and sewerage development projects. This includes MVR 718.0 million on installation of water and sewerage systems in islands, MVR 126.1 million spent on water systems and MVR 64.2 million spent on sewerage system installation.
Ministry's statistics goes on to reveal that MVR 268.7 million has been spent on the education sector.
While MVR 180.4 million has been spent on coastal protection projects, MVR 78.5 million was spent on waste management projects.
Statistics also shows that MVR 227.1 million was spent on the social and religious services. As such, MVR 49.2 million has been spent on mosques.
Furthermore, MVR 132.8 million was spent on health sector development projects.
The Maldivian Government's expenditure currently sits at MVR 27.1 billion according to the Finance Ministry statistics.
