News development / public spending Maldives Impact 7.0/10 2 min read

Upwards of MVR 12 Billion Spent on PSIP Projects in 2023

In 2023, the Maldives government spent over MVR 12 billion on Public Sector Investment Programme (PSIP) projects, surpassing the budget of MVR 10.3 billion by MVR 1.8 billion. The largest expenditure was on land reclamation (MVR 2.1 billion), followed by airports (MVR 1.6 billion), water and sewerage (MVR 1.5 billion), roads (MVR 1.4 billion), ports (MVR 1.1 billion), housing (MVR 922 million), and the bridge project (MVR 757.3 million). The initial budget was MVR 8.5 billion, with an additional MVR 1.7 billion allocated via supplementary budget.

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Maldives Republic

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Published

Jan 17, 2024

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📋 Story Brief

In 2023, the Maldives government spent over MVR 12 billion on Public Sector Investment Programme (PSIP) projects, surpassing the budget of MVR 10.3 billion by MVR 1.8 billion. The largest expenditure was on land reclamation (MVR 2.1 billion), followed by airports (MVR 1.6 billion), water and sewerage (MVR 1.5 billion), roads (MVR 1.4 billion), ports (MVR 1.1 billion), housing (MVR 922 million), and the bridge project (MVR 757.3 million). The initial budget was MVR 8.5 billion, with an additional MVR 1.7 billion allocated via supplementary budget.

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This story involves 1 source and may affect public understanding of development / public spending.

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Maldives Republic News Outlet Single source

Angle: Primary coverage

Focus: Upwards of MVR 12 Billion Spent on PSIP Projects in 2023

Unique detail: Upwards of MVR 12 Billion Spent on PSIP Projects in 2023

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10:18

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Maldives Republic

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