53% of housing budget remains unused

21 hours ago

About 53 percent of the money allocated for housing projects and community facilities in this year’s budget has not yet been spent, according to the Finance Ministry’s latest Weekly Fiscal Development Report. This year’s record MVR 64 billion budget includes MVR 1.3 billion earmarked for housing and infrastructure. The report shows that MVR 8.3 billion was allocated for PSIP projects overall,