Male’, Maldives – Ministry of Finance has revealed that by December 17, MVR 2.72 Billion was spent on Covid-19 expenditure in Maldives.
The weekly report published by the Ministry of Finance shows that until December 17, the government has spent up to MVR 2.72 Billion on Covid-19 expenditure. Out of this, the most amount of money was spent on health sector with MVR 1.3 Billion.
From this, the biggest expenditure was made by the National Disaster Management Authority, which spend MVR 871.7 million. The Ministry of Health comes right after this with having spent MVR 246.5 million until December 17.
An additional MVR 84.06 million was spent by the Disaster Management fund, while MVR 29 million was spent from the Tourism Activities Implementation Fund and MVR 35 Million was spent by the Planning Ministry.
The report further revealed that the biggest expense was made towards acquiring supplies, and requisitions for service provision, adding up to MVR 555.8 million.
In addition to this, the ministry also revealed that the government has been spending a lot of money on supplying ventilators and developing quarantine/isolation facilities. According to the ministry, till December 17, they had spent MVR 198.7 million for this purpose.
Due to the Covid-19 pandemic, the country has undergone major economic changes in recent months, with the country expected to go into massive debt in the upcoming year.