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ADP implementation rate hits record high in FY18

| Updated: July 04, 2018 12:08:11

ADP implementation rate hits record high in FY18

The implementation rate of the Annual Development Programme (ADP) hit record high in the last fiscal year.

The rate was 93.71 per cent with an expenditure of Tk 1.477 trillion in 2017-18. It was 87 per cent in previous fiscal.

Planning Minister AHM Mustafa Kamal came up with the disclosure on Tuesday while briefing reporters after the Executive Committee of the National Economic Council (ECNEC) meeting in Dhaka.

"The ADP implementation reached the country's ever highest rate of 93.71 per cent in the past fiscal year," he said, reports UNB.

The minister said the ADP expenditure was Tk 1.477 trillion in the last fiscal year, which was 1.07 trillion in the 2016-17 fiscal year.

In the 2017-18 fiscal year, the estimated ADP size was Tk 1.64 trillion, which later came down to Tk 1.57 trillion in the revised ADP, he said.

In terms of the revised ADP size, the ADP implementation rate is almost cent per cent, said Mustafa Kamal.

He said the government had been able to spend some Tk 400 billion more in the ast fiscal year compared to the expenditure of the previous fiscal year.

"So, it won't be a problem to implement the Tk 1.73 trillion ADP in the current fiscal year as well."

Placing the statistics regarding the ADP implementation in the last few years, the minister said the implementation rate was 81 per cent in 2013-14 fiscal year, while it was 83 per cent in 2014-15 and 86 per cent in 2015-'16 fiscal year.

The implementation of rate was 87 per cent of Tk 1.23 trillion ADP in the 2016-17 fiscal year, he added.

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