Government ministries and divisions have spent Tk1,25,316 crore, only 49.26% of the Revised Annual Development Programme (RADP) in first ten months (July-April) of the 2023-24 fiscal year.
All government implementing agencies need to complete projects worth Tk1,39,077 crore in the remaining two months to meet the Tk2,54,392 crore RADP target, according to the April issue of ADP progress report issued today (27 May) by the Implementation Monitoring and Evaluation Division (IMED) of Planning Ministry.
Economists and experts express concerns that achieving full implementation of the development budget this fiscal year is unlikely due to negligence in initial delays.
They warn that a last-minute rush to increase implementation rates could compromise the quality of work and lead to the wastage of government funds.
The IMED report also reports that the current fiscal year's implementation rate is the slowest in the last three years.
The progress rate was 50.33% last fiscal year and 54.57% in FY 2021-22.
The RADP implementation in April alone decreased by about 14%.
The report states that Tk17,303 crore was disbursed in April, which is Tk 2,840 crore less than the Tk20,543 crore disbursed in April last year.
In the past ten months, the government has spent Tk70,908 crore from its own funds for ADP implementation, accounting for 43.91% of the total allocation.
Meanwhile, 58.05% of the allocation from foreign loans and grants, amounting to Tk 48,468 crore, has been utilised.
