- 11 billion has been spent on development
- 54 projects in health sector
- 107 projects for educational infratsructure
Government has set MVR13.2 billion for development in the proposed budget for next year.
Finance Minister Ahmed Munawwar while proposing next year's state budget to parliament on Tuesday said that 60 percent of the budget is set to go into to the Public Sector Investment Program (PSIP).
"The biggest priority of the PSIP projects will to improve the economy. The projects will develop the atolls and complete the governments development goals. Out of the PSIP budget, 55 percent will be come out of the government's domestic budget, and the other 45% will be funded by free aid," Munawwar explained.
The Minister said that a huge part of this years project was invested in development projects as well.
"An amount of MVR11 billion has been spent on developing the infrastructure within the past three years, and 9 billion was spent straight out of the budget. The health and education sectors were prioritized," Munawar stated.
This year alone, the budget has been used to develop 54 medical centers in 44 islands. Around 140 projects for development of schools. Fourteen islands had land reclaimed and nine islands saw the construction of new ports. Another 117 projects were conducted to establish renewable energy.
"The target for 2017 is the waste management and development of reclaimed land. Finding ways to develop the economy. Developing special economic zones and the iHavan," Munawar said.
The new 25 floor IGMH building and airport is also included in this budget.
