FY18 sees 93.71pc ADP spending, says Kamal

Staff Correspondent | Published: 23:06, Jul 03,2018

 
 

Planning minister AHM Mustafa Kamal on Tuesday said that the government implemented 93.71 per cent of the downsized annual development programme in the just concluded financial year 2017-2018.
This is the highest ADP implementation rate in last 17 years based on available data, said Kamal at a press briefing after the weekly ECNEC meeting held at the NEC auditorium at Agargaon in Dhaka.
The government ministries and divisions, responsible for executing development programme, spent Tk 1,46,703 crore in July-June of the FY 2018, up by Tk 39,618 crore than that of the previous year.
Kamal said that the rate of implementation both in percentage and money would rise in future if the momentum could be maintained.
According to Implementation Monitoring and Evaluation Division of the planning ministry, the government agencies made the record progress mainly riding on hurried expenditure in the last two months—May and June—when they spent Tk 64,100 crore or 43.69 per cent of total expenditure.
In June alone, ministries and divisions spent Tk 47,725 crore or 32.53 per cent of total spending, the data showed.
The size of the revised ADP for the year was Tk 1,57,594 crore. The original allocation was Tk 1,64,084.83 crore.
The agencies had spent Tk  1,07,085 crore or 89.76 per cent of the revised ADP in FY 2017.
Since FY 2001-2002, the rate of highest ADP implementation was 93 per cent in FY 2012 and FY 2014 while the lowest progress was 82 per cent in FY 2008.
According to data provided by the ministry at the briefing, ministries and divisions spent Tk 87,973 crore or 91.32 per cent of government fund and Tk 52,050 crore or 100.30 per cent of foreign fund in the year.

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