MVR 6.6 Billion spent on PSIP

The Maldivian Government has spent MVR 6.6 billion on Public Sector Investment Projects (PSIP), by 10 August 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 869.1 Million spent on airport development projects, MVR 752 million spent on harbor development projects during this time frame and MVR 544.8 million was spent on bridge development projects.

Additionally, MVR 1.6 billion has been spent on road development and land reclamation projects. As such, the state has so far spent MVR 775.7 million on land reclamation projects and MVR 814.8 million on road development projects.

Ministry's statistics show that MVR 548.2 million has been spent on housing and infrastructure projects.

Additionally, MVR 80.6 million has been spent on general administration projects.

The government has spent MVR 920.9 million on water and sewerage development projects. This includes MVR 726.5 million on installation of water and sewerage systems in islands, MVR 130.2 million spent on water systems and MVR 64.2 million spent on sewerage system installation.

Ministry's statistics goes on to reveal that MVR 303.9 million has been spent on the education sector.

While MVR 187.3 million has been spent on coastal protection projects, MVR 83.4 million was spent on waste management projects.

Statistics also shows that MVR 251.4 million was spent on the social and religious services. As such, MVR 52 million has been spent on mosques.

Furthermore, MVR 182.4 million was spent on health sector development projects.

The Maldivian Government's expenditure currently sits at MVR 28.5 billion according to the Finance Ministry statistics.