ADP implementation rate 1% in first month of FY25
In the first month (July) of fiscal year 2024-25, the government's ministries and departments spent Tk2,922 crore from Annual Development Programme (ADP) allocation.
The spent amount is only 1.05% of the total allocation for the fiscal year, according to the latest report of the Implementation Monitoring and Evaluation Department (IMED).
IMED officials said the ADP implementation rate usually remains low at the beginning of the fiscal year as project officials remain busy with preparatory work in this period.
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The rate in July this year remained low due to the blockades and political unrest across the country, they said.
Earlier, July spending rate was 1.27% in FY24 and 0.96% in FY23.
The government's total ADP allocation for the current financial year is Tk278,288.90 crore.
The interim government is now planning to cut "wasteful expenditures" in order to minimise the pressure on the foreign currency reserves and contain persistent inflation.
So, it is very likely that the ADP allocation will not remain the same for the fiscal year, finance ministry officials said.
