Posted on June 19, 2023
The Maldivian Government has spent MVR five billion on Public Sector Investment Programs (PSIP), by 08 June 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 1.6 billion on this sector; with MVR 600.2 million spent on airport development projects and MVR 546.3 million spent on harbor development projects during this time frame. MVR 460.2 million was spent on bridge development projects.
Additionally, MVR 1.2 billion has been spent on road development and land reclamation projects. As such, the state has so far spent MVR 565.9 million on land reclamation projects and MVR 648.8 million on road development projects.
Ministry’s statistics show that MVR 441.8 million has been spent on housing and infrastructure projects.
Additionally, MVR 69.7 million has been spent on general administration projects.
The government has spent MVR 744.3 million on water and sewerage development projects. This includes MVR 595.7 million on installation of water and sewerage systems in islands, MVR 88.5 million spent on water systems and MVR 60.1 million spent on sewerage system installation.
Ministry’s statistics goes on to reveal that MVR 230.9 million has been spent on the education sector.
While MVR 146.2 million has been spent on coastal protection projects, MVR 44.5 million was spent on waste management projects.
Statistics also shows that MVR 187.2 million was spent on the social and religious services. As such, MVR 32.5 million has been spent on mosques.
Furthermore, MVR 98.6 million was spent on health sector development projects.
The Maldivian Government’s expenditure currently sits at MVR 20.7 billion according to the Finance Ministry.