ADP Implementation Rate Drops to 49.26% in FY24’s First 10 Months

Last Updated on May 27, 2024 4:54 pm

Dhaka: In a concerning turn of events, the Annual Development Programme (ADP) implementation has plummeted to 49.26% during the initial ten months of Fiscal Year 2024, according to recently released data.

This decline marks the lowest implementation rate witnessed in the past three financial years, indicating potential challenges in meeting development targets.

Figures from the Implementation Monitoring and Evaluation Division (IMED) of the planning ministry highlight that the government has disbursed 49.26% or Tk 1.25 lakh crore of their allocated budget under the ADP from July to April.

Comparatively, the ADP implementation rate stood at 50.33% during the same period in FY23 and at 54.57% in the preceding fiscal year, painting a worrying picture of slowed progress.

The revised ADP allocation for the ongoing financial year amounted to Tk 2.54 lakh crore, inclusive of funding from various organizations. However, ministries and government departments have only managed to expend Tk 1.25 lakh crore thus far.

IMED officials have voiced apprehensions regarding the likelihood of spending the remaining half of the allocated funds within the final two months of the fiscal year, suggesting a potential struggle ahead in meeting developmental objectives.