The state budget has disbursed USD 207.52 million to fund the Public Sector Investment Program, according to recent statistical data released by the Ministry of Finance And Public Enterprises.
Expenditure details emerged in the latest Weekly Fiscal Development Report. Officials projected an allocation of USD 538.26 million for the investment programme this year, rendering the USD 207.52 million spent through to 16 July, a 15.7 per cent decrease compared with the USD 246.43 million recorded during the corresponding period last year.
The public investment scheme encompasses initiatives divided across specific disciplines, with allocations exceeding USD 6.49 million directed to each of seven primary sectors. Economic development secured USD 84.31 million, within which transportation infrastructure and resources commanded the largest single expenditure at USD 64.70 million.
General public services reached USD 37.41 million, rising from USD 18.83 million, with USD 37.08 million utilised for state-controlled lands. Housing surged to USD 31.13 million, a 123 per cent increase over USD 13.94 million, dedicating bulk financing to individual government-operated developments. Healthcare, which traditionally receives specialised priority and significant annual funding to bolster essential services, absorbed USD 13.37 million, expanding from USD 4.75 million.
Reduced expenditures demonstrate that project execution costs are managed robustly, ministry officials maintained. The administration evaluates overarching viability and benefits when executing public investment projects starting this year. A dedicated project preparatory fund was established, incorporating comprehensive studies into the budget to determine project necessity.