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15 September 2024


Business Insider Bangladesh

ADP implementation rate notches 1.05% in first month of FY25

BI Desk || BusinessInsider

Published: 00:20, 2 September 2024  
ADP implementation rate notches 1.05% in first month of FY25

Representational photo

The implementation rate of the Annual Development Programme (ADP) during the first month (July) of the current fiscal year (FY25) reached 1.05 percent with an expenditure of Tk 2,922.36 crore.

According to the latest report of the Implementation Monitoring and Evaluation Division (IMED), the ADP implementation rate in July of the last fiscal year (FY24) was 1.27 percent with an overall allocation of Tk 3,489.09 crore.

The ADP implementation rate in the first month (July) of FY23 was 0.96 percent with an expenditure of Tk 2,455.05 crore.

The ADP implementation rate usually remains low at the beginning of the fiscal year as project officials remain busy with necessary preparatory work and paper work during this period, said IMED officials.

The government's overall ADP allocation for the current fiscal year is Tk 278,288.90 crore, reports BSS.

In the current fiscal year, there are some 1,352 development projects including 1,155 investment projects, 21 feasibility study projects, 87 technical assistance projects, 9 projects from development block allocation and 80 projects from concerned organizations own fund.