Government has spent MVR 1.3 billion on Public Sector Investment Programs (PSIP) projects so far this year.
According to the Finance Ministry’s weekly Fiscal Development Statistics, a total budget of MVR 7 billion was allocated for PSIP projects this year, and approximately MVR 1.3 billion has been spent so far.
It also shows MVR 11.8 billion has been utilized from the budget of MR 30 billion allocated for the year, while an income of MVR 11.5 billion has been recorded.
The government has contracted several development projects to multiple companies, including housing projects and infrastructural development projects.
