Dhaka, Bangladesh (BBN)– Bangladesh government is set to approve a BDT 2027.21 billion original Annual Development Programme (ADP) outlay for the next fiscal year (FY) giving priority on the transport sector, officials said.
The National Economic Council (NEC) will sit on Tuesday to approve the allocation for new ADP outlay for the FY 2019-20, they added.
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.
Earlier on May 8, the draft ADP size was finalized 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, BDT 1309.21 billion will come from the government’s own resources while the remaining BDT 718 billion from project assistance.
However, incorporating the autonomous bodies and corporation’s own fund of BDT 123.93 billion, the draft overall ADP size reached BDT 2151.14 billion.
“The new draft ADP has given special emphasis on human resource development, power, infrastructure, education, and Public Private Partnership (PPP) initiatives,” a senior official explained.
He also said that the government continued its all-out efforts to ensure highest utilization of the ADP and hopefully this trend would continue in the next year also.
The proposed ADP size for the next fiscal year is 17.18 per cent higher than the original ADP size of BDT 1730 billion for this fiscal.
However, the revised ADP for the current fiscal year came down to BDT 1670 billion.
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 BDT 297.76 billion.
In terms of sector-wise allocation, the transport sector received the highest draft ADP allocation of BDT 528.06 billion or 26.5 per cent of the original ADP followed by the power sector with BDT 260.17 billion or 12.83 per cent of original ADP, physical planning, water supply and housing sector with BDT 243.24 billion or 12 per cent of the original ADP.
Besides, the education and religious sector received a draft allocation of BDT 213.79 billion or 10.55 per cent of original ADP, Science and ICT sector with BDT 175.41 billion or 8.65 per cent of the ADP, rural development and rural institution sector BDT 151.57 billion or 7.48 per cent of the ADP, health, nutrition, population and family welfare sector BDT 130.55 billion or 6.44 per cent of the programme, agriculture sector BDT 76.16 billion or 3.76 per cent of the ADP, water resources sector BDT 56.53 billion or 2.79 per cent of the ADP) and public administration sector BDT 50.24 billion or 2.48 per cent of the original ADP.