Muhith sounds positive about state of economy, budget for next fiscal

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Finance Minister AMA Muhith has said there is still scope to enhance ADP implementation, even though the implementation rate has increased slightly this year compared to the last fiscal, reports UNB.
He made the statement while placing the report on implementation of budget till the third quarter of the current fiscal and overall macro-economic analysis in Parliament on Sunday.
He also said that due to the increasing trend of the price of fuel oil and other imported materials, the point-to-point inflation rate in March 2010 stood at 8.8 per cent, whereas it had been 5 per cent in the same period of the previous year.
The Finance Minister said in the report that the government was actively considering the matter of increasing ADP implementation, and attaching great importance to it.
Besides, the government has formed a separate taskforce to review the implementation progress of 10 ministries or divisions having the highest allocation.
According to the report, the ADP implementation until the third quarter of the current fiscal stood at Tk 135.70 billion, which is 47.6 percent of the total allocation. This rate is 28.9 percent higher than the previous year. The total expenditure for the current fiscal in this sector was calculated at Tk 285.billion.
The ten top ministries or divisions that get the highest allocation in terms of implementation of their budgets are: local government division (53.3 percent), roads and railways division (29.7 percent), power division (39.1 percent), Health and Family Welfare Ministry (44.6 percent), Primary and Mass Education Ministry (59.7 percent), Education Ministry (51.9 percent), Water Resources Ministry (31.2 percent), Agriculture Ministry 52.9 percent), Energy and Mineral Resources Division (59.9 percent) and Housing and Public Works Ministry (56.2 percent).
The Minister said that the collection through the National Board of Revenue (NBR) was Tk 416.48 billion until third quarter, while the target for the whole fiscal year was Tk 610 billion This collection is 64.20 percent of the total amount.