The Maldives government has spent MVR 1.05 billion on Public Sector Investment Program (PSIP) projects so far this year, according to the Ministry of Finance.
The 2025 state budget allocates MVR 12.4 billion for PSIP projects. As per the latest Weekly Fiscal Development Report published by the Finance Ministry, MVR 1.05 billion had been spent as of March 8.
The highest expenditure so far has been on transportation-related projects, with MVR 315 million allocated to this sector.
Other key expenditures include MVR 104.3 million on beach protection, MVR 1 million on land reclamation, MVR 3 million on port development, and MVR 5 million on the bridge project.
Housing projects have seen the lowest spending this year, with only MVR 66 million allocated so far.
PSIP projects are major government-funded initiatives aimed at supporting national infrastructure and development. Each year, a significant portion of the state budget is directed toward these projects.
The 2025 state budget allocates MVR 12.4 billion for PSIP projects. As per the latest Weekly Fiscal Development Report published by the Finance Ministry, MVR 1.05 billion had been spent as of March 8.
The highest expenditure so far has been on transportation-related projects, with MVR 315 million allocated to this sector.
Other key expenditures include MVR 104.3 million on beach protection, MVR 1 million on land reclamation, MVR 3 million on port development, and MVR 5 million on the bridge project.
Housing projects have seen the lowest spending this year, with only MVR 66 million allocated so far.
PSIP projects are major government-funded initiatives aimed at supporting national infrastructure and development. Each year, a significant portion of the state budget is directed toward these projects.
