The financial crisis has affected the implementation of the development budget and Annual Development Program (ADP). In the financial year 2023-24, the implementation of ADP has been 80.92 percent, which was more than 92 percent even during the Corona period.

This information was informed in the updated report of the Implementation Monitoring and Evaluation Department (IMED) under the Ministry of Planning on Tuesday (August 13).

Economists say that the economic crisis is a major reason behind the decline in the ADP implementation rate. But the ministries are also responsible for not working as planned. Every year at the beginning of the financial year there is a kind of deadlock in the implementation of ADP between various ministries and departments. But due to the hasty implementation of the project, the implementation targets are not being met.

According to the information in IMED’s report, the allocation in the revised ADP for the financial year 2023-24 was Tk 2 lakh 54 thousand 391 crore 64 lakh. 2 lakh 5 thousand 858 crore 36 lakh taka has been spent in the financial year, which is 80.92 percent as a percentage.

Among the expenditure, 1 lakh 24 thousand 138 crore taka have been spent from the Government Own Fund (GOB), which is 76.87 percent of the GOB fund. 1 lakh 61 thousand 500 crore was allocated to GOB sector in the ADP of the outgoing financial year.

Besides, the rate of foreign debt expenditure was 86.19 percent. In the outgoing financial year, the allocation for foreign debt sector was 83 thousand 500 crores. 71 thousand 973 crores have been spent.

This rate of implementation of ADP is lower than that of Corona. In FY 2020-21, the country had the highest incidence of Corona and during that time the ADP implementation rate was 82.11 percent. Then the implementation rate in 2021-22 was 92.74 percent. Besides, the implementation rate of ADP was 85.17 percent in FY 2022-23.

As a single month, outgoing June also saw less implementation progress than the previous five fiscal years. ADP implementation in June 2023-24 financial year is 23.38 percent. The rate was 23.45 percent in June 2022-23 of the previous financial year. In addition, in the financial year 2021-22 it was 27.90 percent, in the financial year 2020-21 it was 23.75 percent.

58 ministries and departments of the country are involved in the implementation of ADP. Analyzing their personal information, it can be seen that the Ministry of Industry is ahead of all in implementing ADP. The implementation rate of these is 118.10 percent and the Election Commission is lagging behind. Their implementation rate is 34.79 percent.

In addition, in the outgoing financial year, against 46 projects of the Energy and Mineral Resources Department, ADP was allocated 3 thousand 880 crores 99 lakhs. They have spent 4 thousand 187 crores. Which is 107% as a percentage.

Against 64 projects of the power department, the allocation was 30 thousand 63 crores. They have spent 30 thousand 609 crores. Which is 101.82 percent as a percentage.

2 thousand 120 crore was allocated against 26 projects of Information and Communication Technology Department. 2 thousand 152 crores have been spent. Which is 101.26 percent as a percentage.

The data analysis of the report also shows that the allocation against 3 projects of the financial institutions department was 386 crores. They have spent 188 crore taka. That is, the ADP implementation rate is 48.83 percent.

242 crores have been allocated against 8 projects in ADP of Internal Resources Department. On the contrary, 92 crore taka have been spent. ADP implementation rate of the department is 38.23 percent.

Bangladesh Public Works Commission (PSC) has allocated Tk 44 crore for 1 project in ADP. On the contrary, 20 crores have been spent. ADP implementation rate is 46.08 percent.

The Ministry of External Affairs, which was zero in implementing ADP in the entire financial year 2022-23, has done well in the financial year 2023-24. The allocation for 7 projects of the ministry was Tk 103 crore. On the contrary, they have spent 102 crore taka. Which is 98.65 percent of the total allocation.