ADP execution improves

Staff Correspondent

23 August, 2019 12:00 AM printer

ADP implementation in the current fiscal started off with a positive note supported by accelerated aid utilization and a bounce back in local spending. 

The execution rate rose 1.27 percent year-on-year to 1.84 percent in July, the first month of Fiscal Year 2019-20, with an aggregate expenditure of Tk 3,951 crore, suggest the latest official data.    

The first month’s expenditure one year ago was recorded at 0.57 percent with Tk1,027 crore total expenditure made by all the implementing agencies.

The July overall ADP performance was the highest in five years both in terms of percentage and volume.

Project assistance utilization improved to a five-year high — 2.03 percent or Tk 1,458 crore in July, up from 1.12 percent or 674 crore spending from PA outlay in July of FY’19.

Spending from local money, however, jumped to 1.77 percent or Tk2,316 crore from only Tk189 croe or 0.17 percent a year earlier.

In the previous three fiscal years, local resource utilization rate hovered around 0.11 percent to 0.30 percent, suggest Implementation Monitoring and Evaluation Division (IMED) data.

Self-financed projects of public corporations showed an average performance as 1.42 percent or Tk177 crore from ADP’s this segment was spent.

One year ago, the corporations managed to spend Tk165 crore or 2.09 percent of their annual plan in the month of July.

Top 15 ministries or divisions that fetched 81.01 percent of ADP money or Tk1,74,273 crore from Tk2,15,113 crore total ADP announced for ongoing 2019-20 fiscal year.

These large implementing agencies managed to spend Tk3,378 crore or 1.94 percent of their ADP allocation in the first month with Power Division coming at the top with 7.23 percent execution rate.

 Bridges division witnessed a momentum with 2.41 percent ADP performance followed by secondary and higher education division’s 1.89 percent, local government division’s 1.68 percent and shipping ministry’s 1.52 percent and health services division’s 1.25 percent.