Foreign fund utilised less than govt fund
The planning minister criticised several ministries yesterday for failing to adequately utilise foreign funds in the last fiscal year's annual development programme.
Utilisation of foreign funds in the last ADP was lower than utilisation of the government's own fund.
On the last day of a series of meetings with all ministries and divisions on implementation of ADP yesterday, Planning Minister AK Khandaker said a review found that the ministries could not utilise project aid due to their weaknesses, meeting sources said.
The meeting was held in the National Economic Council auditorium, and was chaired by the planning minister who urged the ministries to be more sincere in utilising project aid.
In the last fiscal year 91 percent of the revised ADP allocation, amounting to Tk 25,902 crore, was spent utilising 96 percent of allocated government fund, and 83 percent of project aid.
The government had taken up an ambitious ADP of Tk 30,500 crore last fiscal year, which was later revised to Tk 28,500 crore.
The size of the current ADP is Tk 38,500 crore which is 36 percent more than last year's.
AK Khandaker held four meetings with different ministries last month, and gave directives for more successful implementation of the current ADP. Yesterday he held meetings with 11 ministries.
He directed the ministries to finish approving revised projects by September.
There are 800 new projects in the current ADP as well, which have to be approved by March 2011, according to the planning minister's directive.
The ministries were scheduled to submit to the planning ministry their work plans for the current ADP implementation by July 20 this year, but many ministries failed to do so, prompting the planning minister to extend the deadline up to August 5.
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