Dev spending lowest in 5yrs

Business
Dev spending lowest in 5yrs
Government companies could spend 28.45 % or Tk 61,048 crore allocated for advancement projects in July-January of the existing fiscal year -- the cheapest within the last five years, according to the Implementation Monitoring and Evaluation Division (IMED).

Spending on development projects fell 11 % year-on-year to Tk 61,048 crore in the first seven a few months of the fiscal year, due to the government's go-slow approach towards low priority schemes.

Expenditure from the express coffer dropped by 16 % year-on-year to Tk 39,342 crore in this fiscal year's July-January period, when the pandemic-induced economical slowdown affected income collection.

Spending from foreign cash also declined marginally through the period. The government allocateed Tk  214,611 crore to invest for development jobs for the fiscal year 2020-21.

The religious affairs ministry fared best with regards to implementation of projects beneath the gross annual development programme (ADP).

The Internal Resources Division (IRD) under the finance ministry was the worst performer.

The religious affairs ministry could spend 74 % of Tk 884 crore of the advancement schemes for the ongoing fiscal year which will end in June.

The IRD spent only one 1.80 % of the allocation of Tk 438 crore in the same period.

Of the top 10 ministries and divisions that account for 72 per cent of the full total ADP outlay for the existing fiscal year, vitality division performed best while health products and services division was the worst type of when it comes to expenditure.

The power division used up 38 % of Tk 27,297 crore allocated for production projects for the fiscal year.

The health services division could spend simply 17 per cent of the full total outlay of Tk 9,736 crore.
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