PSIP Spending Down 83% in January: Finance Ministry
PSIP spending fell 83% in January compared to same period last year, from MVR 1.7 billion to MVR 287.5 million. Largest expenditure was on land reclamation (MVR 82.4M), followed by water/sewerage (MVR 44.7M), harbour (MVR 24.8M), and connectivity (MVR 13.5M). Revenue was MVR 3.5 million while total spending including loan repayments reached MVR 3.3 billion.
PSIP spending fell 83% in January compared to same period last year, from MVR 1.7 billion to MVR 287.5 million. Largest expenditure was on land reclamation (MVR 82.4M), followed by water/sewerage (MVR 44.7M), harbour (MVR 24.8M), and connectivity (MVR 13.5M). Revenue was MVR 3.5 million while total spending including loan repayments reached MVR 3.3 billion.
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PSIP spending fell 83% in January compared to same period last year, from MVR 1.7 billion to MVR 287.5 million. Largest expenditure was on land reclamation (MVR 82.4M), followed by water/sewerage (MVR 44.7M), harbour (MVR 24.8M), and connectivity (MVR 13.5M). Revenue was MVR 3.5 million while total spending including loan repayments reached MVR 3.3 billion.
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