COVID-19 Health and Social Spending Reaches Over MVR 2 Billion!

According to the Finance Ministry’s latest weekly COVID-19 spending report, the government’s health and social spending in relation to the pandemic has reached over MVR 2 billion.

As of 19 August 2021, total spending towards COVID-19 health and social efforts stood at MVR 2,069.8 million; a 1.0% increase from the week before. In this review period, 34.2% of total health and social spending was committed-spending.

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In terms of week-on-week spending, Ministry of Health registered the highest spending compared to its peers. The spending was mainly on Supplies and Requisites for Service Provision. The next significant spending was by the National Social Protection Agency on Grants, Contributions and Subsidies. Over the review period, other agencies only reported small incremental changes in their spending.

Meanwhile, the COVID-19 economic response spending has reached nearly MVR 1.8 billion.

As of 19 August 2021, total disbursements made to ERP schemes stood at MVR 1,772.8 million; unchanged from the week before.
Over the review period, no further disbursements were made towards the ERP schemes.

Additional allocations, however, may not yet be reflected in the Public Bank Account. Data are likely to vary as reconciliation work is ongoing, according to the Ministry.

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