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21 May, 2019 00:00 00 AM

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NEC to consider Tk 2,02,721cr ADP for next fiscal year

National Economic Council (NEC) will sit today
BSS, DHAKA

The National Economic Council (NEC) will sit today to consider a Tk 2,02,721 crore original Annual Development Programme (ADP) outlay for the next fiscal year (FY20) giving highest priority on the transport sector, officials said.

Prime Minister Sheikh Hasina will preside over the NEC meeting to be held at its conference room at 10:00 am in the city’s Sher-e-Bangla Nagar area in the capital.

Earlier on May 8, the draft ADP size was finalised at an extended meeting of the Planning Commission with Planning Minister MA Mannan in the chair.

According to Planning Commission officials, out of the draft original ADP size, Tk1,30,921 crore will come from the government’s own resources while the remaining Tk 71,800 crore from project assistance. However, incorporating the autonomous bodies and corporation’s own fund of Tk12,392.73 crore, the draft overall ADP size reached Tk 2,15,113.73 crore.

“The draft ADP for the next fiscal year will be placed before the National Economic Council (NEC) meeting tomorrow,” said a senior planning commission official.

He said that the government continued its all-out efforts to ensure highest utilisation of the ADP and hopefully this trend would continue in the next year also.

“The new draft ADP has given special emphasis on human resource development, power, infrastructure, education, and Public Private Partnership (PPP) initiatives.” he added.

The proposed ADP size for the next fiscal year is 17.18 per cent higher than the original ADP size of Tk 1,73,000 crore for the current fiscal year (FY19).

However, the revised ADP for the current fiscal year came down to Tk 1,67,000 crore.

The Transport sector received the highest draft allocation in the new ADP considering the Padma Bridge Project and the Padma Bridge Rail Link project. Besides, the Local Government Division enjoyed the highest allocation as a single Ministry with Tk 29,776 crore.

In terms of sector-wise allocation, the transport sector received the highest draft ADP allocation of Tk 52,805.69 crore or 26.5 per cent of the original ADP followed by the power sector with Tk26,017.13 crore or 12.83 percent of original ADP, physical planning, water supply and housing sector with Tk24,324 crore or 12 percent of the original ADP.

Besides, the education and religious sector received a draft allocation of Tk21,379.12 crore (10.55 per cent of original ADP), Science and ICT sector with Tk17,541.26 crore (8.65 per cent of original ADP), rural development and rural institution sector Tk15,157.40 crore (7.48 percent of original ADP), health, nutrition, population and family welfare sector Tk13,055.47 crore (6.44 percent of original ADP), agriculture sector Tk7,615.93 crore (3.76 percent of original ADP), water resources sector Tk5,652.90 crore (2.79 per cent of original ADP), public administration

sector Tk5,023.88 crore (2.48 percent of original ADP).

 

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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