Tk 50,002 crore was spent in the period
The first nine months of the current fiscal year of 2022-23 saw the lowest implementation rate of the annual development programme (ADP) in at least the last 10 years, with only 41.65 per cent of the total outlay being spent till March, showed official figures.
The government yesterday rolled back most of the austerity measures it imposed at the beginning of the fiscal year to better weather the economic upheaval although statistics indicate there has hardly been any improvement on the front.
The first seven months of the current fiscal year of 2022-23 saw the lowest implementation rate of the annual development programme (ADP) in the last three years, with only 28.16 per cent of the total outlay being spent till January.
As the US dollar shortage persists, businesses in Bangladesh are increasingly finding it difficult to open letters of credit (LCs) since banks can’t supply the adequate American greenback needed to finance imports.
It seems the government is doing an about-turn from the austerity stance taken at the start of the fiscal year.
The implementation of at least half a dozen foreign-aided projects involving more than Tk 6,000 crore has become uncertain as those
Our finance minister has proposed a mega budget of Tk 4,00,266 crore for FY2017-18, of which Tk 1,53,331 crore is earmarked for Annual Development Programme (ADP).
ADB rate of implementation, including self financed projects, during first nine months (July-March) of current fiscal year (FY16) reaches 41% with overall expenditure of Tk 41,888 crore.
The government approves Tk 97, 000 crore for Annual Development Programme for the upcoming fiscal year.
