Dev spending soars 52pc in Jul-Aug
Development spending was around 52.42 higher in the first two months of the current fiscal year thanks to the power division’s outstanding performance in implementing the annual development programme (ADP).
From July to August, the ADP-implementing entities were able to utilise Tk 9,626 crore while it was Tk 6,318 crore in the corresponding period last fiscal year.
Power division alone utilised Tk 3,382 crore, which is around one third of the total expenditure and 11.83 percent of its total allocation of Tk 28,583 crore for the current fiscal year.
The ADP’s total outlay is Tk 215,114 crore, of which 4.48 percent has been spent during the first two months, according to a monthly progress report of the Implementation Monitoring and Evaluation Division (IMED) of the planning ministry.
The ministry’s officials said the implementing entities were off to an auspicious start with the ADP this year compared to what was last fiscal year.
According to them, the implementation was sluggish last fiscal year due to the parliamentary election.
Planning Minister MA Mannan recently attributed the outstanding implementation to some initiatives.
Once endorsed, the budget allocation against a project is going directly to the project director’s account, significantly increasing the implementation rate, he claimed.
However, except for power division and some ministries, performance of most was not good, the IMED data showed.
Fifteen ministries and divisions account for 81 percent of the total ADP allocation.
Local government, bridges and power divisions exceeded their average implementation rate while the remaining 12 ministries and divisions performed below their average.
The civil aviation and tourism ministry stands out for not spending a single penny.
The power, energy and mineral resources ministry spent only 0.15 percent of its allocation, industries 0.19 percent and housing and public works, shipping and railway less than 2 percent.
Road transport and highways division could utilise 3.39 percent, while local government division spent 6.36 percent and bridges division 5.45 percent of their allocation.
Of what has been implemented, 5.43 percent was government funds and 3.13 percent foreign aid -- up from 3.29 percent and 2.77 percent respectively last fiscal year.
Comments