Dev project execution lowest in eight years

Dhaka,  Tue,  22 August 2017
Published : 10 Jul 2017, 22:33:25
printer

Dev project execution lowest in eight years

Govt claims it highest in terms of money spent in FY2017
FE Report


Country's development-budget execution in the past fiscal stood lowest in eight years, although the government claimed it highest in terms of the money spent.    

The ministries and agencies spent 89 per cent of the total outlay in the just-concluded fiscal year (FY), officials said Monday.

Eight years ago, in financial year (FY) 2008-09, the spending rate was the lowest 86 per cent out of the then total allocations in the Annual Development Programme (ADP).

Planning Minister AHM Mustafa Kamal, however, claimed Monday that ADP implementation was the highest in history as the government spent Tk 1.06 trillion in the last FY2017.

"Some of you (journalists) have written today (Monday) that this (ADP implementation) is the lowest in recent years. But I am saying that it is the highest in the history," he said at a press briefing at his office.

"You see, the total money spending in the last fiscal was 23 per cent higher than Tk 870.67 billion in the previous FY2016. This was the highest growth in terms of the money spent," he told journalists.

Asked about the lowest ADP-implementation rate of 89 per cent over the last eight years, the minister said the rate might be the lowest but in terms of money utilisation the development budget-spending rate was the highest in the history.

He told the journalists that they should not write the "rate of implementation of the ADP" rather than the "total money spent" over the period.

Replying to another question, the minister, however, said the implementation rate could be 100 per cent if the Holey Artisan militant attack in July last year had not occurred.

"You all know that after the militant attack in July last, all the foreigners went back to their countries from Bangladesh. So, the development works were hampered," he added.

According to the Implementation Monitoring and Evaluation Division (IMED), the government ministries and agencies spent Tk 1.06 trillion out of total Tk 1.19 trillion worth of ADP outlay in the just-concluded fiscal year.

A year before, they spent Tk870.67 billion, 93 per cent of the total Tk939.05 billion ADP outlay.

In the previous FY2015, the government ministries and agencies had spent 91 per cent, in FY2014 utilised 95 per cent, in FY 2013 spent 96 per cent, in FY2012 used 93 per cent, in FY2011 spent 92 per cent and in FY2010 spent 91 per cent of the then total ADP outlays, IMED data showed.    

The Planning Minister said they had planned not to revise ADP from this FY, 2017-18, so that the ministries and agencies can spend their earmarked development funds in time properly.

"We have been reviewing the performances of all the ministries and agencies. We will not provide exactly the amounts the poor- performing agencies and ministries will demand in the future years. We will strictly scrutinise their performances before giving the allocations," he told the journalists.

kabirhuamayan10@gmail.com
ADDRESS
Editor : A.H.M Moazzem Hossain
Published by the Editor for International Publications Limited from Tropicana Tower (4th floor), 45, Topkhana Road, GPO Box : 2526 Dhaka- 1000 and printed by him from City Publishing House Ltd., 1 RK Mission Road, Dhaka-1000.
Telephone : PABX : 9553550 (Hunting), 9513814, 7172017 and 7172012 Fax : 880-2-9567049
Email : editor@thefinancialexpress-bd.com, fexpress68@gmail.com
Copyright © 2017. All rights reserved
Powered by : orangebdlogo
close