The government has therefore decided to cut the Annual Development Programme (ADP) budget by BDT 49,000 crore, or 18.49% and because of project work being slow since the July protests and continues political unrest.
From the total BDT 30,000 crore will be reduced from government programs, and BDT 19,000 crore from foreign assistance. To remedy the delays and facilitate progress, a postponed ADP scheduled for approval next March will be completed by February instead.
Amid a decade-low project implementation rate, the move aims to shift the government’s focus toward better resource management and greater execution of critical development initiatives. The adjustments aim to ensure that ongoing challenges do not further derail the country’s development plans.
Source: Business Inspection BD
