COVID-19 expenditure reaches MVR 4.2 billion

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Test carried out at Fuvahmulah Hospital for COVID-19 (Photo / Fuvahmulah Hospital)

The total expenditure by the Maldives on COVID-19 recovery has reached over MVR 4.2 billion (USD 270 million), Ministry of Finance has revealed.

The Finance Ministry’s Quarterly COVID-19 Spending report for the second quarter of this year showed a 0.6 percent increase compared to the end of the first quarter of this year.  As the cases have reduced in the country, the government has minimized  the expenditure on COVID-19 recovery efforts.

According to the Finance Ministry, more than MVR 2.3 billion (USD 149 million) has been spent on health and social services as of the second quarter of this year, with MVR 1.7 billion (USD 116 million) spent on economic response preparedness (ERP).

The figures are from the first quarter of 2020 to the end of the second quarter of this year.

According to the report, majority of spending was for the operations of the Ministry of Health with MVR 943.8 million (USD60 million). MVR 785 million (USD 51 million) was spent on National Disaster Management Authority (NDMA), and MVR 232 million (USD 15 million) was spent on Indira Gandhi Memorial Hospital (IGMH).

The report revealed the majority of the expenses were for purchasing the equipment and resources needed for COVID-19 operations, such as test kits and personal protective equipment (PPE).

The COVID-19 situation in Maldives has been brought under control and various organization around the world have praised the government’s strong measures to combat the virus. The government expects the economy to recover from the outbreak and return to normal by the end of this year.

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