ADP spending rate stands at 10.21pc in Q1

Staff Correspondent | Published: 22:36, Oct 24,2017 | Updated: 22:49, Oct 24,2017

 
 

The implementation rate of the annual development programme in the first quarter was recorded at 10.21 per cent, said planning minister AHM Mustafa Kamal on Tuesday.
He said the implementation rate is best in last five years after the ministries and divisions could spend Tk 16,755 crore in July September period while disclosing the ADP progress at the planning commission.
According to the Implementation Monitoring and Evaluation Division, the previous first quarter best was 10 per cent in 2013-14.
The IMED’s calculation showed that ministries and division could spend 12.85 per cent of the project aids, 8.48 per cent of the government fund and 10.78 per cent of the own fund during the period.
The government has earmarked an allocation of Tk 1,53,331 crore for the ADP implementation in the
current fiscal year, which is 38.51 per cent higher than the last fiscal ADP.
Out of Tk 1,53,331 crore ADP allocation, the government will fund Tk 96,331 crore while the rest of the funding, Tk 57,000 crore, will come as project assistance.
An allocation of Tk 10,669 crore for implementing the self-financed projects of the state-owned enterprises is also included in the ADP.
Among the 15 ADP implementing ministries, science and technology ministry spent lowest 0.04 per cent allocation during the period.
The ministry is implementing the country’s first nuclear power plant with the financial assistance over $12 billion from Russia.
It is expected that one of the two reactors would generate power in 2023.
The ministries of water resources, railway and shipping could only spend less than two per cent of the first quarterly allocation made against them.
The Bridges Division which is implementing a number of projects including the multi-billion dollar worth Padma Multipurpose Bridge also cut a sorry figure with spending 3.81 per cent.
The energy and mineral resources division spent 3.9 per cent allocation and the ministry of primary and mass education spent 4.2 per cent.
Power division spent highest 29 per cent, followed by road transport and highways
ministry which spent 17 per cent, local government division which spent 13 per cent and ministry of agriculture which spent 13 per cent.

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