Pickup begins in development-programme implementation, after a transition-time slump, with government ministries and divisions spending Tk 112.36 billion from the ADP outlay in November, around 40 per cent higher than October's rate.
Notwithstanding this momentum in implementing the Annual Development Programme (ADP) 2024-25, the overall ADP implementation rate in the first five months of the current fiscal year remains lowest for over a decade since the fiscal year 2011-12, according to the latest report of the Implementation Monitoring and Evaluation Division (IMED) of the planning ministry.
The IMED disclosed its monthly ADP progress report Sunday that revealed Tk 342.14 billion of project spending since July, which accounts for 12.29 per cent of the total allocation worth Tk 2.78 trillion for the entire fiscal.
The development spending in the same period of the last fiscal year was Tk 468.57 billion, over 17 per cent of the total allocation of Tk 2.75 trillion, according to the IMED reckonings.
Abul Kashem Md. Mohiuddin, Secretary of the IMED, told the FE that the ADP implementation remained stagnant in the first few months of the fiscal year owing to political instability. The current post-uprising government also postponed allocation for several projects being identified as politically motivated and irrelevant to economic development.
He said that the Chief Advisor of the interim government issued derivatives for accelerating ADP implementation. However, the actual implementation in the current fiscal year would remain lower than the previous years'.
"I have issued DO letter to secretaries of several ministries and divisions. Personally I have talked to some of the secretaries, to accelerate ADP implementation," he added.
The government approved ADP worth Tk 2.78 trillion for the current fiscal year with a breakdown of Tk 1.65 trillion from government's own funds, Tk1 trillion from Foreign Loans and Tk 132.89 billion from own sources of implementing agencies.
The government approved ADP worth Tk 2.78 trillion for the current fiscal year with a breakdown of Tk 1.65 trillion from government own fund, Tk 1 trillion from Foreign Loans and Tk 132.89 billion from own sources of implementing agencies.
Some Tk 194.11 billion has been spent from government agencies' coffers, which is 11.76 per cent of allocation. Implementation rate from the foreign aid stood at 11.41 per cent while the rate crossed 25 per cent from the funds of the implementing agencies.
Local government division spent Tk 77.11 billion in last five months -- the highest among all of theministries and divisions. The division utilized over 20 per cent of allocation so far. The power division spent the second highest Tk 62.50 billion, 18.54 per cent of total allocation.
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