The government has failed to implement the national budget in its entirety almost every year although it always proposes bloated expenditures, analysts said Friday.
Economists have raised questions about quality of public investment although the government continues to announce budget with big outlay every year.
Amid 7.0 per cent downward revision of the outgoing financial year's (FY) 2016-17 budget, the government has proposed a whopping expenditure outlay target of over Tk 4.0 trillion for the next FY2018.
In the outgoing FY2017, the government cut its budget spending target by Tk 234.31 billion to Tk 3.17 trillion  (16.2 per cent of GDP) from its original allocation of Tk 3.40 trillion (17.4 per cent of GDP).
Similarly, the government trimmed the national budget expenditures at the end of every financial year in the past.
In the previous FY2016, the government was able to spend Tk 2.64 trillion, 89.41 per cent of its proposed Tk 2.95 trillion expenditure target in the national budget.
In the FY2015, it spent Tk 2.04 trillion — 85.35 per cent — at the end of the year from its original Tk 2.39 trillion target in the national budget.
Economist Dr Ahsan H Mansur told the FE that although the national budget size is increasing every year, the quality of expenditure is coming under scrutiny.
"Every year the government announced a bloated budget. However, at the end of the year it cut the expenditures by nearly 17-20 per cent due to incapability."
"Although the expenditure target is being raised by nearly 20-24 per cent every year, there is a big question about the state of quality of public services, law enforcement, and development works. I think these are not improving at the expected level," Dr Mansur said.
He said the government every year announces an ambitious budget for using public funds for improving the country's infrastructure, services of public agencies are totally absent in this regard.
Economics Professor of Dhaka University Professor MA Taslim said the government's bloated investments might not yield expected gains due to cost and time overruns of development projects and lack of quality manpower in the public service agencies.
"We are getting the same thing with inflated costs. For example, the government is spending Tk 3 billion for building a bridge with an estimated Tk 1 billion cost. So, we are not getting expected result from such a big investment," he told the FE.
Senior economist Professor Wahiduddin Mahmud in a post-budget reaction said the real concerns about public investment are not about meeting the spending target, but more to do with the poor quality of project implementation resulting in cost and time overruns. 
The provision of 'first track' implementation of the large prioritised projects is no guarantee that the situation will improve.
"For the last few years, total investment in the economy, private and public combined, has lagged behind domestic savings, with foreign aid representing even more additional supply of investible resources. That indicates a serious problem of investment tardiness. There is thus a case for setting a high target for public sector investment, albeit within the implementation capacity," he added.
Distinguish Fellow of the Centre for Policy Dialogue (CPD) Dr Debapriya Bhattacharya in a post-budget reaction said the government used to propose a bloated budget but at the end of the year, it could not use its entire outlay.
He questioned the quality of the development expenditure of the government.
Dr Bhattacharya advised the government to frame an 'action plan' to implement the national budget with a qualitative change.
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Source: The Financial Express