Muhith hopeful about implementation of 93pc ADP in FY18

No ambitious target in next budget, he says

Finance Minister Abul Maal Abdul Muhith yesterday said the implementation rate of Annual Development Programme (ADP) is expected to reach 93 per cent in the current fiscal year (FY18) as the government's expenditures for development are very well than the previous fiscal (FY17), reports BSS.

"Implementation progresses of the Annual Development Plan is very well . . . the 35 per cent of the ADP has been implemented in the first six months of the current fiscal," he told journalists after a meeting with the BCS (Customs and VAT) Association and the BCS (Taxation) Association at the finance ministry here.

For 2017-18, the government set aside Tk 1,64,085 crore for development spending, which was revised down to Tk 1,57,594 crore in a recent meeting of the National Economic Council (NEC).

Every week, Muhith said, the government holds ECNEC meeting and evaluates the implementation progress of development projects which is one of the reasons for good performance in implementation of ADP.

He said the government announced Tk 4,00,266 crore budget for the current fiscal and revised the it to Taka 3,85,000 crore. "But I think, the execution will be more than Taka 3,85,000 crore," he added.

Responding to a question, the finance minister expressed the hope that the National Board of Revenue (NBR) will be able to fulfill the revenue collection target in the current fiscal.

"There is a shortfall in revenue collection . . . it is about 11 or 12 per cent than our target but I think, the collection will go up," he added. In a pre-bud meeting Finance Minister Abul Maal Abdul Muhith yesterday said that there would be no ambitious target in the next national budget for FY19 while the budget size is likely to be in between Tk 4,60,000 crore and Tk 4,75,000 crore, reports BSS.

"We'll won't keep any ambitious target in the next national budget for FY19 as it will be an election year........the tentative figures for the budget is around Tk 4,60,000 crore to Tk 4,75,000 crore," he told a pre-budget meeting with the members of four parliamentary standing committees.

Members of parliamentary standing committee on Finance, Planning, Public Accounts and Public Undertakings put forward their various suggestions before the finance minister in the meeting.

State Minister for Finance and Planning MA Mannan and secretaries concerned were also present at the meeting held at the NEC conference room in the city's Sher-e-Bangla Nagar area. The Finance Minister said human development would continue to enjoy the highest priority in the next budget like the previous years' followed by education, health, and water supply. "But, in terms of allocation, transport and energy would get the highest allocation," he added.

Based on the performance of the revised budget for current fiscal year, the minister said the revenue generation scenario is good compared to the previous years and hopefully it will continue its momentum.

 

Muhith hopeful about implementation of 93pc ADP in FY18

No ambitious target in next budget, he says

Finance Minister Abul Maal Abdul Muhith yesterday said the implementation rate of Annual Development Programme (ADP) is expected to reach 93 per cent in the current fiscal year (FY18) as the governments expenditures for development are very well than the previous fiscal (FY17), reports BSS. Implementation progresses of the Annual Development Plan is very well . . . the 35 per cent of the ADP has been implemented in the first six months of the current fiscal, he told journalists after a meeting with the BCS (Customs and VAT) Association and the BCS (Taxation) Association at the finance ministry here. For 2017-18, the government set aside Tk 1,64,085 crore for development spending, which was revised down to Tk 1,57,594 crore in a recent meeting of the National Economic Council (NEC). Every week, Muhith said, the government holds ECNEC meeting and evaluates the implementation progress of development projects which is one of the reasons for good performance in implementation of ADP. He said the government announced Tk 4,00,266 crore budget for the current fiscal and revised the it to Taka 3,85,000 crore. But I think, the execution will be more than Taka 3,85,000 crore, he added. Responding to a question, the finance minister expressed the hope that the National Board of Revenue (NBR) will be able to fulfill the revenue collection target in the current fiscal. There is a shortfall in revenue collection . . . it is about 11 or 12 per cent than our target but I think, the collection will go up, he added. In a pre-bud meeting Finance Minister Abul Maal Abdul Muhith yesterday said that there would be no ambitious target in the next national budget for FY19 while the budget size is likely to be in between Tk 4,60,000 crore and Tk 4,75,000 crore, reports BSS. Well wont keep any ambitious target in the next national budget for FY19 as it will be an election year........the tentative figures for the budget is around Tk 4,60,000 crore to Tk 4,75,000 crore, he told a pre-budget meeting with the members of four parliamentary standing committees. Members of parliamentary standing committee on Finance, Planning, Public Accounts and Public Undertakings put forward their various suggestions before the finance minister in the meeting. State Minister for Finance and Planning MA Mannan and secretaries concerned were also present at the meeting held at the NEC conference room in the citys Sher-e-Bangla Nagar area. The Finance Minister said human development would continue to enjoy the highest priority in the next budget like the previous years followed by education, health, and water supply. But, in terms of allocation, transport and energy would get the highest allocation, he added. Based on the performance of the revised budget for current fiscal year, the minister said the revenue generation scenario is good compared to the previous years and hopefully it will continue its momentum.