ADP implementation may hit 90pc this fiscal

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FE Report
The government implemented 68 per cent of the annual development programme (ADP) in the first 11 months this fiscal planning ministry officials said this week.
Despite impressive performance by most of 10 largest spending sectors, the fifth highest funded power division implemented only 54 per cent, 14 per cent lower than the average implementation rate, during July-May, ministry officials said.
Implementation Monitoring and Evaluation Division (IMED) of the planning ministry said the project executing agencies spent Tk195.21 billion out of the total Tk285 billion ADP outlay during July-May this year.
"We are very much hopeful about implementation of more than 90 per cent of the ADP this year," IMED secretary M Abdul Malek told the FE.
He said: "Usually in the last two months the project implementation rate goes up. Most of the project fund is disbursed in the last month of the fiscal resulting in higher execution rate."
In June 2009, the last month of the previous financial year, the government executing agencies spent a massive 25 per cent fund of the development budget.
Among the top 10 development budget holders, which received 82 per cent of total Tk 285 billion ADP fund, the water resources ministry and the power division are on the bottom of the performance list as their project implementation rate are very poor.
The power division spent only Tk 14.21 billion or 54 per cent of its total Tk 26.36 billion allocation, said IMED officials.
The government has given highest priority to the power sector as the country has been facing severe power supply shortfall in the last couple of years.
IMED secretary Mr Malek said the ADP implementation rate this year is better than the last financial year.
I hope after completion of this financial year in June 30, the public fund spending under the ADP would be a record high, he added.
The government framed an "ambitious" Tk305 billion development budget for the current fiscal to execute 886 projects under the ADP in order to build up the country's poor infrastructure and improve social security.