The government will introduce medium-term strategic business plan (MTSBP) for five line ministries and divisions.
The plan involves three ministries agriculture, social welfare and education and two divisions power and local government, said official sources.
However, a World Bank report found lack of ownership among the government agencies taken under the existing Medium-Term Budgetary Framework (MTBF).
MTBF was launched eight years back to help build capacity of different ministries.
A senior Finance Division official said the medium-term strategic business plan will be introduced with a clear mission and realistic vision based on functions, core values, strategic objectives and budgetary policies.
He added the progress towards introduction of MTSBP was reviewed at a recent meeting of Finance Division.
According to finance division sources, questions have been raised if the budget allocation for the ministries and divisions under the MTBF will be properly used. Demand for independent review of the programme has also been made to ensure having real fruits of the project.
However, former adviser to a caretaker government Dr AB Mirza Azizul Islam is doubtful whether the project would be successful as political influence is present.
“Earlier, MTBF programme has become unsuccessful because of political influence and administrative weakness of the ministries and divisions,” he said.
Dr Islam pointed out that the works of many development begin in the middle of fiscal year, which increase implementation cost.
The MTSBP for the ministry of agriculture has already been piloted and the final draft has also been endorsed by the inter-ministerial technical committee in June.
The committee headed by the additional secretary of the finance divisioncomprises senior officials of the planning commission and the line ministries and divisions.
The MTSBP is awaiting to be considered by the budget management committee (BMC) of the ministry of agriculture.
The MTSBP of the ministry of agriculture will be finalised and published on receiving approval by the BMC.
About the failure of such project, the World Bank report suggested the ownership and engagement by the line ministries should be developed through open discussion, enforcing internal controls and gradual relaxation of centralised controls.
Further, a fresh attempt should also be made to bridge the coordination gap between the Finance Division and the Planning Commission, the global lender report recommended