ADP spending 20.15pc in five months

Staff Correspondent | Published: 00:00, Dec 10,2018

 
 

Implementation of the annual development programme stood at 20.15 per cent in July-November of the current fiscal year of 2018-2019.
As per the latest report of the planning ministry, 57 ministries and divisions spent Tk 36,438 crore of the total ADP allocation of Tk 1,80,869 crore for the entire fiscal year.
Planning minister AHM Mustafa Kamal on Sunday disclosed the statistics on ADP implementation at a press briefing held at the NEC auditorium in Dhaka.
In the first five months, the rate of ADP implementation was 20.11 per cent in FY18, 19.13 per cent in FY17, 16.84 per cent in FY16 and 19.58 per cent in FY15.
Mustafa Kamal said the ADP implementation in the first five months of this fiscal year indicated that it would be possible to implement full ADP allocated for the fiscal year along with attaining gross domestic product growth at 8.3 per cent in FY19.
Asked whether there was any hurry to implement ADP ahead of the national election scheduled for December 30 this year, Mustafa Kamal said, ‘The implementation in the period was higher [compared with that in the same period of previous years] as we have given some sort of space to different ministries so that they can move forward in implementing ADP.’
The implementation was not election-centric, he said.
Of the government agencies which are supposed to spend highest amounts of money, Power Division implemented 36.87 per cent or Tk 9,377.54 crore in July-November of FY19 out of Tk 25,835 crore allocated for the entire fiscal year.
Local Government Division implemented 26.29 per cent, Roads and Highways Department 15.62 per cent, science and technology ministry 29.03 per cent and railways ministry 4.96 per cent of their respective allocations.
Replying to a question on a Centre for Policy Dialogue report that said Tk 22,502 crore had been plundered from the country’s banking sector through major scams, irregularities and heists in the last one decade, Mustafa Kamal said that the country’s banking system required massive
reforms in different dimensions to recover the sector from the current situation.
Massive reform measures will be taken in the revenue and in the financial sectors, he said.
There was no policy lacking on the part of government, rather the issue was poor oversight in the financial sector, he said.
He, however, said that the contribution of the banking sector to economy was not that significant for now and that was why there was nothing to be worried about.

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