The National Economic Council (NEC) on Tuesday approved a Tk1,57,594.39 crore revised Annual Development Program (ADP) budget for the current fiscal year, downsizing the original ADP of Tk1,64,084.83 crore. The amount of the organisations’ own funds was cut by Tk 1,540.19 crore as well, and now stands at Tk 9,213.39 crore in the revised ADP, he added. The Implementation Monitoring and Evaluation Division (IMED) of the Planning Commission placed the ADP implementation progress report at the NEC meeting. “In terms of expenditure, the ADP implementation rate almost doubled in the past three years. He added that it was possible for GDP growth in the current fiscal year to exceed the fiscal target of 7.4%.

Source: Dhaka Tribune March 06, 2018 17:05 UTC