FY25 ADP revised down to Tk 2.16 lakh crore
Planning adviser Wahiduddin Mahmud on Monday said that the allocation of fund to the projects without updates would remain suspended.
The decision was made by the National Economic Council at a meeting with a view to improving the implementation rate of the annual development programme in the current financial year of 2024-25.
At a post-meeting briefing at the Planning Commission at Agargaon in the capital Dhaka, Wahiduddin said that the finance ministry would keep the allocation of fund suspended to the projects updates on which would not be available in the designated electronic system.
The Implementation, Monitoring and Evaluation Division has introduced the electronic project management information system and asked all project directors to update all project data through it.
The planning adviser said that only 21.52 per cent of the original ADP was spent in the first seven months of FY25.
The rate is the lowest in the past four financial years, according to Planning Commission data.
Chief adviser Professor Muhammad Yunus while presiding over the NEC meeting underscored the need for improving the ADP implementation rate in the remaining five months of the financial year, said the planning adviser.
It was discussed at the NEC meeting that many projects directors were not compliant with the IMED system, said the planning adviser while expressing his displeasure at not taking initiatives to bring about changes in the current practices in the matters from project taking to project evaluation.
鈥業 have too much business in the education sector,鈥� said the planning adviser, who is also the adviser of the education ministry.
The NEC meeting also decided to revise down the current ADP by Tk聽49,000 crore to Tk聽2.16 lakh crore from Tk聽2.65 lakh crore, posting an 18.49-per cent cut.
Fund from the local sources was cut by 18.18 per cent and fund from the foreign sources by 19 per cent in the revised FY25 ADP.
The transports and communication sector got the highest allocation, 22.34 per cent, and the local government and rural development got the lowest allocation, 7.8 per cent, among the top five sectors under the revised ADP.
An allocation of about Tk聽26,551 crore given in the revised ADP for the development assistance and special needs accounts for 14 per cent.
Of the development assistance, Tk 800 crore has been kept aside for the union parishad, Tk聽750 crore for upazilas and Tk聽600 crore for zila parishad.
However, the NEC meeting decided not to sanction any fund from the special assistance after May 15.
Eight ministries and divisions have been allocated with 60 per cent of the overall revised ADP allocation with the local government topping with 16.78 per cent and the shipping remaining at bottom with 3.31 per cent.
The Power Division, however, received the highest allocation of the fund from the foreign sources, accounting for 18.43 per cent.
The division is followed by the local government and the science and technology receiving 11.99 per cent and 11.11 per cent respectively.
The planning adviser said that 313 out of 1,437 projects would be completed under the revised ADP.
The revised ADP has 770 projects without any fund allocation.
Besides, some 78 projects under the public private partnership and 232 projects under the climate trust fund have also been included in the revised ADP.
