Covid-19 expenditure reaches MVR 975 million in Maldives

Finance Minister Ibrahim Ameer at a National Emergency Operation Center press briefing. Photo: Sunmv

Male’, Maldives – Until now MVR 975.7 million was spent on Covid-19 expenditure in Maldives.

According to a report published by the Ministry of Finance, until June 25, the most amount of money spent on Covid-19 purposes was by National Disaster Management Authority (NDMA).  While, National Disaster Management Authority had spent MVR 641.8 million, the Ministry of Health had spent MVR 148.4 million for Covid-19 expenditure.

A total of MVR 466 million was spent on providing the essential help and equipment needed to fight against Covid-19. Most of the money was spent for this purpose. MVR 180.6 million alone was spent on providing the required machinery needed to fight against the virus and on other necessary capital equipment.

The government has spent MVR 114.4 million on subsidy and on any other required help up to date and MVR 67 million was spent for operations.

While the total amount of money spent for transportation regarding Covid-19 was MVR 4.2 million, the construction operations costed MVR 59.9 million.

Furthermore, MVR 10.1 million has been released as income support for those who’s jobs have been affected due to Covid-19 and MVR 350 million was issued as recovery loans.

Bank of Maldives (BML) and SME Financing and Development Corporation (SFDC) both has released loans with BML releasing MVR 339.1 million loan and SFDC of MVR 108.8 million loan.

Maldives has no entered the third face of new normal with changing the name of National Emergency Center, -created regarding Covid-19- to Health Emergency Center.