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Half of nat'l budget spent in 9 months

Staff Correspondent
Only 52.6 percent of the total allocation in the revised budget has been spent in the first nine months of the current fiscal year, says a government report.
Finance Minister AMA Muhith yesterday placed in parliament the report on the progress in implementing the budget for 2009-10 (July-March) and macro-economy.
About Tk 52,146 crore had been spent from the revised budget ofTk 1,10,523 crore.
Nearly 54.3 percent of the revenue budget and 47.6 percent of the annual development programme (ADP) had been used, according to the report.
The finance minister told the House that the overall spending did not increase as expected because of comparatively low subsidy and payment on interests on fertiliser and petro-
leumproducts.
The physical progress is satisfactory in terms oftheADRhesaid.
More than 60 percent of the allocations in the budget had been made for 10 ministries and divisions. But they could spend only 54 percent of the allocations, the report says.
Primary and mass education ministry, education ministry, health ministry, local government division, housing and public works ministry, energy and mineral resources division achieved 52 to 68 percent of the spending target.
Agriculture ministry, water resources ministry, power division, and Roads and Highways Department spent only 38 to 45 percent of the allocations.
The finance minister told parliament that the rate of implementation was not satisfactory although it went up a bit.
The rate of implementation of ADP increased slightly compared to the same period in the previous year. But there is considerable scope for performing better, the minister said.
Muhith said the performance of two ministries or divisions with a higher allocation is reviewed in every meet-ing of the Executive Committee of National Economic Council. Besides, a taskforce has been formed to monitor the implementation of the budget by 10 major ministries.
He hoped that the measures would help increase the ability of ministries and divisions to implement the ADP.