MVR 7.2 Billion spent on PSIP

The Maldivian Government has spent MVR 7.2 billion on Public Sector Investment Projects (PSIP), by 17 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 2.4 billion on this sector; with MVR one billion spent on airport development projects, MVR 794.1 million spent on harbor development projects and MVR 583 million was spent on bridge development projects.

So far, MVR 1.9 billion has been spent on road development and land reclamation projects. As such, the state has so far spent MVR 948.1 million on land reclamation projects and MVR 902.2 million on road development projects.

The government has spent MVR 958.1 million on water and sewerage development projects. This includes MVR 757.1 million on installation of water and sewerage systems in islands, MVR 136.8 million spent on water systems and MVR 64.2 million spent on sewerage system installation.

Ministry's statistics show that MVR 558 million has been spent on housing and infrastructure projects.

The government has so far spent MVR 363.2 million on environmental protection projects with MVR 188.1 spent on coastal protection projects, MVR 138 million spent on waste management projects, MVR 25.3 million spent on water drainage systems and MVR 11.8 million spent on renewable energy projects.

The statistics goes on to reveal that MVR 317.3 million has been spent on the education sector.

Statistics also shows that MVR 254.1 million was spent on the social and religious services with MVR 145 million spent on sports development projects, MVR 57.1 million spent on social sector projects and MVR 52 million spent on mosques.

Furthermore, MVR 182.4 million was spent on health sector development projects and MVR 125.9 million has been spent on Fisheries and Agriculture projects.

Statistics shows that the state has spent MVR 118 million on National Security and Public Order. As such, MVR 63.6 million was spent on police, MVR 31.2 million on court buildings, MVR 14.8 million on penitentiary, MVR 5.9 million on customs and MVR 2.5 million on rehabilitation.

Additionally, MVR 81.4 million has been spent on general administration projects, with MVR 59.1 million spent on office construction and MVR 22.3 million spent on development of councils.

The Maldivian Government's expenditure currently sits at MVR 29.2 billion according to the Finance Ministry statistics.