Psip - The Edition

PSIP

MVR 447 million spent on PSIP projects

13 Mar 2026

MVR 608 million spent on environmental projects

16 Dec 2025

MVR 325 million spent on PSIP projects

25 Feb 2025

Projects halted due to insufficient budget allocations: Min

13 Aug 2024

President-Elect's Office Disapproves PSIP Project Extension

9 Nov 2023

PSIP projects to be granted six month extension

8 Nov 2023

Govt spends MVR 1.1 billion on PSIP this year so far

3 Mar 2023

Director of Asseyri Prison suspended over alleged corruption

12 Sept 2020

MVR 447 million spent on PSIP projects

13 Mar 2026

MVR 608 million spent on environmental projects

16 Dec 2025

MVR 325 million spent on PSIP projects

25 Feb 2025

Projects halted due to insufficient budget allocations: Min

13 Aug 2024

President-Elect's Office Disapproves PSIP Project Extension

9 Nov 2023

PSIP projects to be granted six month extension

8 Nov 2023

Govt spends MVR 1.1 billion on PSIP this year so far

3 Mar 2023

Director of Asseyri Prison suspended over alleged corruption

12 Sept 2020

Finance Ministry

Finance Ministry seeks developer for mental health hospital

The Finance Ministry has announced that they are seeking a contractor to develop a 50-bed mental health hospital in Hulhumale'.

23 Sept 2026

Mariyath Mohamed

USD150 mn loan taken by previous gvt through SBI paid off

17 Sept 2026

Finance Ministry seeks to hire Chief SOE Strategist

5 Aug 2026

State receives MVR 439 million as free aid

24 Jul 2026

300 percent from budget for cheaper food prices

7 Jul 2026

Development Projects

Eagle Hills project will be integrated city: Zareer

Minister Zareer said the 500-hectare development in Rasmale’ would include three resorts and residential areas featuring properties at different price and quality levels.

22 Sept 2026

Malika Shahid

"Project given to Eagle Hills after thorough research"

21 Sept 2026

USD 20bn project will not get tax concessions: Muththalib

21 Sept 2026

UAE's Eagle Hills takes on USD 20bn investment in Rasmale'

21 Sept 2026

Major projects to be completed within two years: President

27 Jul 2026

Government Expenditure

State expenditure increases to MVR 1.3 billion

Expenditure rose so significantly due to higher administrative costs of the state and an increase in recurrent expenditure.

6 Aug 2026

Shazma Thaufeeq

Spending on infrastructure projects increased

16 Jun 2026

Spending on subsidies decrease, but Aasandha costs rise

16 Apr 2025

Aasandha expenses not reduced by new year

23 Feb 2025

15 state agencies exceeded their allocated budgets in 2024

22 Jan 2025

State Budget

86 percent of budget spending is allocated to salaries

Parliament approved MVR 64 billion for this year's budget.

3 Sept 2026

Shazma Thaufeeq

MVR 12 bn to 4 agencies via priority basis for those in need

14 Jul 2026

Aasandha, subsidy spending MVR 2.3 billion over budget

22 Jan 2026

Parliament concludes first stage of debate for 2026 budget

18 Nov 2025

MVR 1 bn in revenue held up due to court process: Zareer

15 Nov 2025

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