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Tk 2,46,066cr ADP earmarked in budget for FY23

Tk 2,46,066cr ADP earmarked in budget for FY23

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The size of the Annual Development Programme (ADP) for the next fiscal year (2022-2023) has been finalized at Taka 2,46,066 crore.

Finance Minister AHM Mustafa Kamal highlighted this while placing the proposed national budget for the next fiscal year (FY23) at Jatiya Sangsad today.

Earlier on May 17, the National Economic Council (NEC) in its meeting approved the ADP size which had given highest allocation to the transport and communication sector alongside putting priority on ensuring optimum utilization of public fund through checking misuse.

Out of the original ADP outlay of Taka 2,46,066 crore for the next fiscal year, Taka 1,53,066 crore will come from the local sources while the rest of Taka 93,000 crore as project assistance.

However, considering an allocation of Taka 9,937.18 crore against the autonomous bodies and corporations, the overall ADP allocation for the next fiscal reached Taka 2,56,003.27 crore.

The size of original ADP in the current fiscal year (FY22) was Taka 2,25,324.14 crore which was later downsized to Taka 2,07,550 crore. The fresh ADP for FY23 is around 9.21 percent higher than the original ADP of the current fiscal year and 18.56 percent higher than the RADP of the current fiscal year.

Some 1,435 projects are in the new ADP including some 1,244 investment projects, some 106 technical assistance projects and some 85 projects to be financed from the own fund of the autonomous bodies and corporations.

Out of the 15 sectors, the transport and communication sector witnessed the highest ADP allocation of Taka 70,695.52 crore in the next fiscal year followed by the Power and Energy Sector Taka 39,412.36 crore, the education sector Taka 29,081.38 crore, the health sector Taka 19,277.87 crore.

The other sectors with fresh ADP allocation are: General government services sector with Taka 2,875.28 crore, defense sector Taka 1,270.05 crore, public discipline and protection sector with Taka 3,609.77 crore, industry and economic services sector Taka 5,407.26 crore, agriculture sector Taka 10,143.57 crore, local government and rural development with Taka 16,465.02 crore, environment, climate change and water resources with Taka 9,859.25 crore, housing and community facilities with Taka 24,497.22 crore, religion, culture and entertainment sector with Taka 2,364.91 crore, science and ICT sector with Taka 4,167.90 crore and social security sector with Taka 2,569.73 crore.

According to ministry and Division wise new ADP allocation, the Local Government Division enjoyed the highest allocation of around Taka 35,842 crore followed by the Road Transport and Highways Division with around Taka 31,296 crore, the Power Division with around Taka 24,139 crore, Ministry of Science and Technology with around Taka 16,011 crore, Health Services Division with around Taka 15,851 crore, Ministry of Railways with around Taka 14,929 crore, Secondary and Higher Education Division with around Taka 14,001 crore, Ministry of Primary and Mass Education with around Taka 11,642 crore, Bridges Division with around Taka 9,290 crore and the Ministry of Water Resources with around Taka 7,938 crore.

Out of the mega projects, the Rooppur Nuclear Power Plant project received the highest fresh ADP allocation of around Taka 13,396 crore followed by the Fourth Primary Education Development Programme (PEDP-4) with around Taka 8,759 crore, Matarbari 2x600 MW ultra super critical coal fired power plant with around Taka 6,554 crore, Expansion of Hazrat Shahjalal International Airport (1st phase) with around Taka 6,019 crore, Padma Bridge Rail Link Project with around Taka 5,809 crore, COVID-19 Emergency Response and Pandemic Preparedness (WB-GoB) project with around Taka 4,254 crore, Bangabandhu Sheikh Mujib Railway Bridge Construction Project with around Taka 3,851 crore, Dhaka-Ashulia elevated expressway construction project with around Taka 3,703 crore, Expansion and strengthening of power system network under DPDC area with around Taka 3,059 crore and Dhaka Mass Rapid Transit Development Project (Line-6) with around Taka 2,883 crore.