Saturday, 18 January, 2025
The country's economic development efforts have been gaining momentum, but the "go slow" approach adopted by the interim government following the change of power has resulted in just 18 per cent implementation of the Annual Development Plan (ADP) in the first six months of the fiscal year.
From July to December, only 17.97 per cent of the ADP was executed, marking a 4.51 percentage point drop from the 22.48 per cent implementation rate during the same period last year.
This represents the lowest implementation rate in the past five years, according to data from the Implementation Monitoring and Evaluation Division of the Ministry of Planning.
The implementation rate was 23.53 per cent in the period in the 2022-23 fiscal year, 24.06 per cent in 2021-22, and 23.89 per cent in the 2020-21 fiscal.
Experts believe the slow pace is a result of the mass uprising near the start of the current fiscal year, which led to a changeover in power in August, a deterioration in the law and order situation, and a reshuffling of the administration.
At least Tk 500 billion was spent from July to December of the current fiscal, the latest data from the Monitoring and Evaluation Division shows. The figure stood at Tk 617.39 billion in the same period in the previous fiscal.
ADP implementation gained momentum in the latter half of the fiscal year. In December, Tk 157.87 billion was allocated to development projects, accounting for 5.67 per cent of the ADP. In comparison, December of the previous fiscal year saw a 5.42 per cent implementation rate, with Tk 148.82 billion spent.
The previous Awami League government approved the current budget with an ADP allocation of Tk 782.88 billion.
Upon assuming power, the interim government made restructuring development programs a priority.
Comments
The country's economic development efforts have been gaining momentum, but the "go slow" approach adopted by the interim government following the change of power has resulted in just 18 per cent implementation of the Annual Development Plan (ADP) in the first six months of the fiscal year.
From July to December, only 17.97 per cent of the ADP was executed, marking a 4.51 percentage point drop from the 22.48 per cent implementation rate during the same period last year.
This represents the lowest implementation rate in the past five years, according to data from the Implementation Monitoring and Evaluation Division of the Ministry of Planning.
The implementation rate was 23.53 per cent in the period in the 2022-23 fiscal year, 24.06 per cent in 2021-22, and 23.89 per cent in the 2020-21 fiscal.
Experts believe the slow pace is a result of the mass uprising near the start of the current fiscal year, which led to a changeover in power in August, a deterioration in the law and order situation, and a reshuffling of the administration.
At least Tk 500 billion was spent from July to December of the current fiscal, the latest data from the Monitoring and Evaluation Division shows. The figure stood at Tk 617.39 billion in the same period in the previous fiscal.
ADP implementation gained momentum in the latter half of the fiscal year. In December, Tk 157.87 billion was allocated to development projects, accounting for 5.67 per cent of the ADP. In comparison, December of the previous fiscal year saw a 5.42 per cent implementation rate, with Tk 148.82 billion spent.
The previous Awami League government approved the current budget with an ADP allocation of Tk 782.88 billion.
Upon assuming power, the interim government made restructuring development programs a priority.
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