With 63 per cent of execution record, the Ministry of Industries has surpassed the national rate in implementing the Annual Development Program (ADP). From July to January of the fiscal year 2022-23, the ministry was able to implement 63 per cent of the ADP, where the overall ADP implementation rate is less than 30 per cent. Read:NBR goes all-out to boost tax revenue for better economic growth The information was presented at a meeting held to review the implementation progress of projects included in the ADP, at the conference hall of the industries ministry on Sunday. Industries Minister Nurul Majid Mahmud Humayun was the chief guest and State Minister for Industries Kamal Ahmed Majumder was the special guest at the review meeting chaired by Industries Secretary Zakia Sultana. Relevant officials of the ministry, heads of various agencies and corporations under the ministry and various project managers were also present on the occasion. The ministry officials said that a total of 33 projects are being implemented in the current fiscal year. For all the projects the budgetary allocation was Tk4066 crore, of which Tk 2565 crore or 63 per cent allocation was spent in the first 7 months of the current fiscal year.   Read: BSCIC holds beekeeping development workshop The meeting was informed that there are a total of 33 projects in the annual development program of the Ministry. Of these, 30 investment projects, 2 technical assistance projects and 1 self-financing are implemented in the current fiscal year. The allocation for these projects was Tk 4,066 crore. Of this, Tk 1,203 crore has been allocated in the public sector, Tk 2,817 crore in the project assistance sector and Tk 46 crore in the company's own finance sector.

The overall budget deficit will be Tk. 190,000 crore in the fiscal year 2020-21, which is 6.0 percent of GDP. Finance Minister AHM Mustafa Kamal disclosed this while placing the national budget in parliament on Thursday. He mentioned that deficit stood at 5.0 percent in the last fiscal year. He said that in FY 2020-21, the size of the total expenditure has been estimated at Tk. 5,68,000 crore, which is 17.9 percent of GDP. Total allocation for operating and other expenditures is estimated at Tk. 3,62,855 crore, while the allocation for the annual development program (ADP) is Tk. 2,05,145 crore. Out of the total deficit in 2020-21, Tk. 80,017 crore will be financed from external sources, while Tk. 1,09,983 crore from domestic sources of which Tk. 84,983 crore will come from the banking system and Tk. 25,000 crore from savings certificates and other non-bank sources.

The government has to spend Tk. 63,801 crore in interest payments, which is 11.23 percent of total national budget allocation for fiscal year 2020-21.