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Development Projects Not Cancelled; Will Move Forward After Reassessment: Finance Minister
Finance Minister Mohamed Shafeeq said the administration has suspended spending on structural development projects to prioritise ongoing, already budgeted projects, and that rumours of stalled PSIP projects are not entirely accurate. He assured that no projects have been cancelled, only that projects without proper funds have not yet begun, and that PSIP expenditure will rise once the finance ministry's assessments are complete.
Sources1carried itMR1 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.
What happened
in order; days are read from the reports' words and dates
Sun 17 MarThe administration suspended spending on structural development projects to prioritise ongoing budgeted projects.on Sundayonly Maldives RepublicMinister of Finance Mohamed Shafeeq said on Sunday that the administration has suspended spending on structural development projects to prioritise ongoing projects which have been budgeted for.
Word for word from the report in Maldives Republic. Open the report
Who said what
the reports' own quoted words, each once
There are some projects, for example, some dredging projects, which have an allocation of about MVR 5 million for the project. But it is estimated that it will cost three or four times as much to run the project
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 5 millionAllocation for some dredging projectsMaldives Republicsome dredging projects, which have an allocation of about MVR 5 million for the project. But it is estimated that it will cost three or four times as much to run the project
Word for word from the report in Maldives Republic. Open the report
MVR 8.6 billionPSIP allocation across projects under 2024 BudgetMaldives RepublicAccording to the 2024 Budget, MVR 8.6 billion has been allocated across 1,780 projects under PSIP.
Word for word from the report in Maldives Republic. Open the report
1,780 projectsNumber of projects under PSIPMaldives RepublicMVR 8.6 billion has been allocated across 1,780 projects under PSIP. Most of these are ongoing and contracted while 331 are new projects.
Word for word from the report in Maldives Republic. Open the report
331 projectsNew projects under PSIPMaldives RepublicMost of these are ongoing and contracted while 331 are new projects.
Word for word from the report in Maldives Republic. Open the report
MVR 3.2 billionPSIP spending projected from State budgetMaldives RepublicSpending on PSIP, as per the budget, was projected as MVR 3.2 billion from the State budget, MVR 4.6 billion from external borrowings
Word for word from the report in Maldives Republic. Open the report
MVR 4.6 billionPSIP spending projected from external borrowingsMaldives RepublicMVR 3.2 billion from the State budget, MVR 4.6 billion from external borrowings, MVR 389.5 million from grants
Word for word from the report in Maldives Republic. Open the report
MVR 389.5 millionPSIP spending projected from grantsMaldives RepublicMVR 4.6 billion from external borrowings, MVR 389.5 million from grants and MVR 380.9 million from the trust fund.
Word for word from the report in Maldives Republic. Open the report
MVR 380.9 millionPSIP spending projected from the trust fundMaldives RepublicMVR 389.5 million from grants and MVR 380.9 million from the trust fund.
Word for word from the report in Maldives Republic. Open the report
MVR 9 billionBudgeted amount versus estimated proper costMaldives RepublicShafeeq said that while the budgeted amount was MVR 9 billion, a proper estimate would come in at MVR 12 billion.
Word for word from the report in Maldives Republic. Open the report
MVR 12 billionProper estimate of project costsMaldives Republicwhile the budgeted amount was MVR 9 billion, a proper estimate would come in at MVR 12 billion.
Word for word from the report in Maldives Republic. Open the report
