Welcome to Business Outlook
Related Articles
Implementation of the annual development programme inched up to 4.48 per cent in two months (July-August) of the current fiscal year 2019-2020 against 3.49 per cent in the same period of the FY 2018-2019.
The government’s ADP implementation agencies including ministries and divisions could spend Tk 9,626 crore in July-August of FY20, up Tk 3,308 crore on the same period of FY19, according to the Implementation Monitoring and Evaluation Division of the planning ministry.
A total of 58 ADP implementing agencies executed 5.19 per cent of ADP in July-August of the FY 2017-2018.
The total allocation for the ADP for FY20 is Tk 2,15,114 crore including Tk 12,393 crore to be spent from the own fund of state-owned enterprises.
Of the total outlay, Tk 1,30,921 crore or 60.86 per cent will come from the government fund while Tk 71,800 crore or 33.38 per cent will come from foreign sources.
According to the IMED data, Election Commission Secretariat executed the highest — 22.03 per cent of the allocation for it from the government fund followed by Rural Development and Cooperatives Division with 16.26 per cent implementation in the period.
Power Division and science and technology ministry spent 13.80 per cent and 13.08 per cent respectively of their allocations from the government fund in July-August, the data showed.
Cabinet Division, Chittagong Hill Tracts affairs ministry, civil aviation and tourism ministry, foreign ministry and National Parliament Secretariat could spend no money in the months.
Officials said that the progress in execution of ADP remained as slow as usual due to slow progress made by the largest ministries and divisions in terms of getting allocation in spending their allocations and slow progress in implementing some mega development projects including Padma bridge, metro rail and power projects.
The 15 ministries and divisions are responsible to execute TK 1,74,273 crore or 81.01 per cent of the total allocation in the year but they managed to spend only Tk 8,241 crore or 4.73 per cent in the period, they said.
Of the agencies, only Power Division, Local Government Division and Bridges Division could exceed the average implementation rate with implementation of 11.83 per cent, 6.36 per cent and 5.45 per cent respectively.
(NA)
