Only 5% of housing budget utilized as year reaches midpoint

As the first half of 2026 ends, only 5% of the housing budget has been utilized, according to President Dr Mohamed Muizzu. The Weekly Fiscal Development Report shows MVR 8.3 billion allocated for PSIP, with MVR 2.3 billion spent by June 4th. Of MVR 1.08 billion for public housing, only MVR 55 million (5.12%) was spent, down from MVR 90 million last year. Transport infrastructure saw MVR 818.6 million of MVR 2.3 billion (32.42%), a decline from MVR 1.5 billion last year. Opposition MDP has raised concerns over stalled projects, alleging that even nearly complete projects have been halted. MDP plans nationwide protests and has submitted a motion to summon Housing Minister Dr Abdulla Muththalib to Parliament.

As the first half of 2026 ends, only 5% of the housing budget has been utilized, according to President Dr Mohamed Muizzu. The Weekly Fiscal Development Report shows MVR 8.3 billion allocated for PSIP, with MVR 2.3 billion spent by June 4th. Of MVR 1.08 billion for public housing, only MVR 55 million (5.12%) was spent, down from MVR 90 million last year. Transport infrastructure saw MVR 818.6 million of MVR 2.3 billion (32.42%), a decline from MVR 1.5 billion last year. Opposition MDP has raised concerns over stalled projects, alleging that even nearly complete projects have been halted. MDP plans nationwide protests and has submitted a motion to summon Housing Minister Dr Abdulla Muththalib to Parliament.

As the first half of 2026 ends, only 5% of the housing budget has been utilized, according to President Dr Mohamed Muizzu. The Weekly Fiscal Development Report shows MVR 8.3 billion allocated for PSIP, with MVR 2.3 billion spent by June 4th. Of MVR 1.08 billion for public housing, only MVR 55 million (5.12%) was spent, down from MVR 90 million last year. Transport infrastructure saw MVR 818.6 million of MVR 2.3 billion (32.42%), a decline from MVR 1.5 billion last year. Opposition MDP has raised concerns over stalled projects, alleging that even nearly complete projects have been halted. MDP plans nationwide protests and has submitted a motion to summon Housing Minister Dr Abdulla Muththalib to Parliament.

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