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SUNDAY, JUNE 01, 2025
Lowest ever ADP implementation in July-August

Economy

TBS Report
02 October, 2024, 03:50 pm
Last modified: 02 October, 2024, 10:32 pm

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Lowest ever ADP implementation in July-August

TBS Report
02 October, 2024, 03:50 pm
Last modified: 02 October, 2024, 10:32 pm
Lowest ever ADP implementation in July-August

The July-August period – the first two months of the current fiscal year – witnessed the lowest-ever implementation of the Annual Development Programme (ADP), falling below 3%.

According to data from the Implementation Monitoring and Evaluation Department (IMED) released today (2 October), Tk7,143 crore of the ADP was spent during the period, reflecting an implementation rate of 2.57%.

Data available on the IMED website, dating back to FY11, shows that no fiscal year has recorded an ADP implementation rate below 3%. In FY24, the rate was 3.84%, slightly lower than the previous fiscal year.

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For FY25, the ADP allocation stood at Tk278,288 crore.

IMED officials explained that project staff are typically occupied with preparatory work at the beginning of the fiscal year, which contributed to the low implementation rate.

Additionally, development activities were hindered by the mass uprising in July-August, the subsequent change of government, and the resulting political instability during the period.

In several foreign-funded projects, foreign workers, contractor representatives, and consultants left the project sites, which further hindered project implementation.

Additionally, the government has decided to review both proposed projects in the pipeline and ongoing ones.

The proposals to extend the duration and increase the costs of many ongoing projects have also been delayed. As a result, ADP implementation has been prolonged, officials noted.

According to the IMED report, public fund expenditures during the July-August period amounted to Tk3,241 crore, which is 1.69% of the public fund allocation. This marks the lowest amount ever spent during July-August in any fiscal year.

By comparison, Tk6,854 crore was spent during the same period last year, representing 1.27% of the public fund allocation for that fiscal year. Meanwhile, Tk3,098 crore, or 3.10%, of the foreign aid allocation has been spent in July-August of the current fiscal year, compared to 3.58% spent from foreign funds during the same period last year.

 

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