& çâÌæÚUæð´ ·¤è ¥ôÚU Îð¹Ùæ ÁæÚUè ÚU¹ð´ ¥ÍæüÌ ¥ÂÙð ÜÿØ ÂÚU ŠØæÙ ÚU¹ð´Ð ãæÚU Ù ×æÙð´, €UØô´ç·¤ ·¤æ× ·¤ÚUÙð âð ¥æÂ·¤ô ©gðàØ ·¤è Âýæç# ãôÌè ãñ ¥õÚU ÁèßÙ ·¤æ ¹æÜèÂÙ ÎêÚU ãôÌæ ãñÐ ÖÜð ãè ÁèßÙ ×ð´ ç·¤ÌÙè Öè ·¤çÆÙæ§ü €UØô´ Ù ¥æ°, çÁ™ææâæ ¥õÚU ©ˆâæã ÕÙæ° ÚU¹ð´Ð ŠØæÙ ÚU¹ð´, ÜÿØ ã×ðàææ ¥æÂ·Ô¤ Âæâ ãôÌð ãñ´ çÁ‹ãð´ ÂæÙð ·Ô¤ çÜ° ÂýØæâ ¥æÂ ·¤Öè Öè àæéM¤ ·¤ÚU â·¤Ìð ãñ´Ð

Sluggish ADP prime reason for slowdown

Finance ministry, BB, NBR prepare report on economic situation for meeting with PM

REJAUL KARIM BYRON
The Ministry of Finance, Bangladesh Bank and the National Board of Revenue (NBR) have identified poor implementation of Annual Development Programme (ADP) as the prime cause of the country's present economic slowdown.
They will present the fact in tomorrow's meeting on economic situation to be chaired by Prime Minister Sheikh Hasina.
The meeting is going to discuss the country's overall economic situation. High officials of the Finance Division, Bangladesh Bank and NBR will be present at the meeting.
The finance ministry has already prepared a position paper. Slow progress in implementing the programmes taken in the current fiscal year
and challenges in the country's economy against the backdrop of world recession have been highlighted in the position paper, finance ministry sources said.
Bangladesh Bank and the NBR have sent the finance ministry reports on the country's economic situation during the first quarter of the current fiscal year.
The government took the biggest ADP of Tk 30,500 crore to boost the economy from the sluggish momentum created during the tenure of the last caretaker government and the global economic meltdown.
No big breakthrough in implementing the ADP was achieved in the first three months of the current fiscal year. Only 10 percent of the total ADP outlay was.implemented which is 1 percentage point and 3 percentage points more than the first quarter of the previous two financial years while 1 percent point lower than 2006-07.
During the time both revenue collection and investment were poor. The revenue growth was only 9 percent.
■The NBR blamed Mowpace • of ADP implementation for the sluggish collection of revenue. Bangladesh Bank echoed the same saying emphasis should be given on rapid implementation of the-ADP to boost investment.
In its quarterly report released yesterday Bangladesh Bank said given the indication of sluggish trend of spending allotted money, full implementation of ADP targeted for FY’ 10 is a big challenge, which needs to pace up, particularly in infrastructure projects, to help private sector gain momentum in fulfilling the aspired GDP growth.
Last week, an IMF mission submitted a report to the government where they mentioned that slow pace of ADP implementation is having a negative impact on the government's revenue earning.
The report said, "The government should urgently address the root of chronic poor implementation of the ADR including the capacity constrains and governance issues."
The World Bank last month released an economic update where they gave first priority to ADP implementation for overcoming the sluggishness the economy is experiencing.