The Financial Express

ADP execution drops in Q1

| Updated: October 19, 2019 11:01:41

ADP execution drops in Q1

The Annual Development Programme (ADP) implementation rate fallen to 8.06 per cent in the first quarter (Q1) of the current fiscal year (FY) 2019-20.

During the same period (July-September) of FY 2018-19, different ministries and agencies executed 8.25 per cent of ADP.

According to Implementation Monito-ring and Evaluation Division (IMED), project executors spent only Tk 173.44 billion, 8.06 per cent of the total Tk 2.15-trillion ADP in Q1 of FY '20.

But the implementers spent Tk 149.27 billion or 8.25 per cent of the Tk 1.80-trillion ADP during the same period of last fiscal.

Emerging from the Executive Committee of the National Economic Council meeting, planning minister MA Mannan said the ADP implementation rate is a little bit lower in the first Q1.

Although the implementation rate is lower in Q1, he said, the expenditure in terms of amount of the total funds is comparatively higher this fiscal.

"Project execution rate will be increased in the coming months as Planning Commission has taken multiple steps to expedite development work," Mr Mannan mentioned.

The government has framed a Tk 2.15-trillion ADP for the current fiscal.

Of the total outlay, it has allocated Tk 1.31 trillion from internal resources in ADP and Tk 718 billion funds from external resources in project aid.

The government has also allocated Tk 123.93 billion from funds of autonomous and semi-autonomous bodies. An official of IMED under Planning Commission said some big ministries failed to improve execution capacity, as their implementation rates were lower than that of the same period last fiscal.

He did not elaborate on the execution performance of the ministries and agencies.



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