Spending on Public Sector Investment Program (PSIP) projects fell 16 percent this year compared to 2023, according to Ministry of Finance data. As of November, MVR 8.8 billion had been spent, with airport development and land reclamation receiving the largest shares.
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Spending on Public Sector Investment Program (PSIP) projects fell by 16 percent this year compared to 2023, data from the Ministry of Finance has revealed.
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While the National Budget 2023 allocation for PSIP projects stood at MVR 8.9 billion, spending as of November amounted to MVR 8.8 billion
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spending as of November amounted to MVR 8.8 billion — MVR 1.7 billion less than the MVR 10.5 billion spent over the same period last year.
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MVR 1.7 billion less than the MVR 10.5 billion spent over the same period last year.
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MVR 1.7 billion less than the MVR 10.5 billion spent over the same period last year.
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Earlier reports gave MVR 1.7 billion 12 Feb, 11:26 Maldives Republic
The largest PSIP spending this year was on airport development projects, with MVR 2.3 billion.
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Spending on the Thilamalé Bridge accounted for MVR 956 million, while MVR 527 million was spent on water and sewerage projects
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while MVR 527 million was spent on water and sewerage projects, MVR 525 million on road construction projects, and MVR 577 million on housing projects.
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MVR 525 million on road construction projects, and MVR 577 million on housing projects.
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MVR 525 million on road construction projects, and MVR 577 million on housing projects.
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