Public Sector Investment Programme (PSIP) 2019

Background of the Public Sector Investment Programme
The Public Sector Investment Programme (PSIP) is Government’s medium term
strategic investment tool for the development of the country. It is a budgeting and strategic
planning tool employed by the Government, to translate its priorities and plans into tangible
programmes and projects.
 
The PSIP is the capital component of the National Budget and is distinct from the
Recurrent Budget. The programmes and projects in the PSIP are geared towards achieving
the national outcomes in the National Development Strategy (NDS) 2016-2030 (Vision
2030) and the Sustainable Development Goals (SDG).
 
In fiscal 2019, a more informed allocation system will be adopted for all
projects/programmes to ensure that limited resources are utilized more effectively and
efficiently in order to deliver the greatest benefits to the citizens. The new approach will
require stricter adherence to the requirements of the Call Circular and the accompanying
Project Screening Brief (PSB).