The implementation rate of the Revised Annual Development Programme (RADP) during the July-April period of the outgoing fiscal year fared better than the last fiscal year's as it reached 54.56 per cent with an expenditure of Tk 65,083 crore, reports UNB. The RADP implementation rate during the July-April period of the last fiscal year was 50.17 per cent with an overall expenditure of Tk 47,115 crore.
Out of the overall expenditure of Tk 65,083 crore of the outgoing fiscal year, Tk 43,500 crore was spent from government fund with an implementation rate of 55.98 per cent, while Tk 17,089 crore spent from project assistance with an implementation rate of 47.74 per cent, and the rest of Tk 4,494 crore spent from the organization's own fund with an implementation rate of 77.50 per cent, according to the latest statistics provided by the Implementation Monitoring and Evaluation Division (IMED) of the Planning Ministry.
The IMED figures showed that out of the overall expenditure of Tk 47,115 crore during the July-April period of the last fiscal year, Tk 29,981 crore was spent from the government portion (48.48 pc) followed by expenditure of Tk 15,182 crore (52.06 pc) from project assistance while the rest of Tk 1952 crore (67.19 pc) spent from the organisation's own fund.
Among the highest allocated top 10 ministries and divisions, the Local Government Division spent Tk 12,572.80 crore (65.40 pct) during this July-April period followed by Power Division with Tk 11,974.74 crore (66.87 pc), Road Transport and Highways Division with Tk 5,575.22 crore (59.84 pc), Ministry of Railways with Tk 3,437.18 crore (37.05 pc), Bridges Division with Tk 2,492.86 crore (37.86 pc), Primary and Mass Education Ministry with Tk 3,359.12 crore (53.64 pc), Housing and Public Works Ministry with Tk 4,323.54 crore (70.37 pc), Secondary and Higher Education Division with Tk 2,727.80 crore (50.79 pc), Health and Family Welfare Ministry with Tk 2,234.31 crore (45.44 pc) and Science and Technology Ministry with Tk 1,561.93 crore (40.92 pc).
During the July-April period, the Ministry of Commerce achieved the highest implementation rate of 96.42 per cent while the Anti-Corruption Commission and the Bangladesh Public Service Commission are yet to open their accounts.
Earlier in February, the National Economic Council (NEC) approved a revised ADP of Tk 1,10,700 crore without slashing the original size of the Annual Development Programme (ADP) for fiscal 2016-17.
The focus continues to be on projects in transport sector. However, the size of the overall revised ADP stood at Tk 1,19,295.97 crore, including the projects financed by the organisation's own fund.
In the revised ADP, the government increased its allocation to Tk 77,700 crore from Tk 70,700 crore of the original ADP as the Prime Minister increased the allocation by Tk 6,500 crore against the Planning Commission's proposed allocation of Tk 71,200 crore.
The NEC meeting also reduced the foreign assistance to Tk 33,000 crore from the original ADP Foreign assistance allocation of Tk 40,000 crore. It also reduced the allocation by the implementing agencies to Tk 8,595.97 crore from Tk 12,645.80 crore.