Total Spending on COVID19: MVR 873.30 Million

Tuesday 19th of May 2020

Total Spending on COVID19: MVR 873.30 Million

At the end of 14th May 2020, total spending on COVID-19 related spending stood at MVR 873.3 million, which is a 7.3% increase from the week before. National Disaster Management Authority and Ministry of Health continue as key agencies spending to constrain the adverse effects of the virus.

The week-on-week increase of MVR 59.1 million is primarily linked to increase spending by NDMA on Medical Consumables, and Supplies & Requisites. The agency contributed to the 32% surge in the latter via spending on requisites related to COVID-19 operations.

The total spending on Supplies and Requisites for Service Provision was MVR 428.1 million, while Capital Equipment cost MVR 192.2 million and Grants, Contributions and Subsidies cost MVR 111.3 million. Most spending was done by NDMA (581.1 million), MoH (135.7 million) and Disaster Management Fund (84.1 million).

Ministry of Finance states that the Ministry’s spending figures include committed spending to provide the most accurate and timely information. Presently, 56.4% of the total spending on COVID-19 is committed-spending.