Search the news
Meet Viyu Ask about the news

Hi, I'm Viyu. Ask me about the stories collected here. I answer only from them, with numbered links to the outlets that published them, and I say so when they do not cover it.

Terms & Legal

Today
Story

Upwards of MVR 12 Billion Spent on PSIP Projects in 2023

According to the Ministry of Finance's weekly fiscal report, MVR 12.1 billion was spent on Public Sector Investment Programme (PSIP) projects as of December 2023, exceeding the allocated total of MVR 10.3 billion. Land reclamation, airport, water and sewerage, road, port, bridge and housing projects accounted for the largest shares of the spending.

Ask Viyu about this story Report a mistake

What are the key figures?

Sources 1carried it 1 of 19 news outlets we monitor
Figures10as written, with their sentences

One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.

How the reporting differs

one source so far

Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.

Figures in these reports

as written, with the sentence they come from
  • MVR 12.1 billion PSIP spending as of December 2023 Maldives Republic According to the Ministry of Finance’s weekly fiscal report, MVR 12.1 billion was spent on PSIP as of December 2023

    Word for word from the report in Maldives Republic. Open the report

  • MVR 1.8 billion Overspend over allocated PSIP total Maldives Republic an increase of MVR 1.8 billion over the allocated total of MVR 10.3 billion for PSIP, inclusive of a supplementary budget allocation.

    Word for word from the report in Maldives Republic. Open the report

  • MVR 10.3 billion Allocated total for PSIP Maldives Republic an increase of MVR 1.8 billion over the allocated total of MVR 10.3 billion for PSIP, inclusive of a supplementary budget allocation.

    Word for word from the report in Maldives Republic. Open the report

  • MVR 2.1 billion Spending on land reclamation projects Maldives Republic Most of the PSIP allocation was spent on land reclamation projects, amounting to MVR 2.1 billion

    Word for word from the report in Maldives Republic. Open the report

  • MVR 1.6 billion Spending on airport projects Maldives Republic while MVR 1.6 billion was spent on airport projects.

    Word for word from the report in Maldives Republic. Open the report

  • MVR 1.5 billion Spending on water and sewerage projects Maldives Republic MVR 1.5 billion was spent on water and sewerage projects

    Word for word from the report in Maldives Republic. Open the report

  • MVR 1.4 billion Spending on road construction projects Maldives Republic MVR 1.4 billion on road construction projects

    Word for word from the report in Maldives Republic. Open the report

  • MVR 922 million Housing projects cost Maldives Republic while housing projects cost MVR 922 million.

    Word for word from the report in Maldives Republic. Open the report

  • MVR 8.5 billion Initial 2023 budget allocation for PSIP Maldives Republic The 2023 budget initially allocated MVR 8.5 billion for PSIP projects.

    Word for word from the report in Maldives Republic. Open the report

  • MVR 1.7 billion Additional PSIP allocation in supplementary budget Maldives Republic the Ministry of Finance allocated an additional MVR 1.7 billion for PSIP projects in the supplementary budget

    Word for word from the report in Maldives Republic. Open the report

Subjects

sectors and approved topics, alphabetical
Construction & propertyPublic finance & taxTransport & ports

Named in these reports

alphabetical
Ibrahim H. ShihabMinistry of Finance