NEC to okay Tk2.02tn ADP for FY’20 | 2019-05-21 | daily-sun.com

NEC to okay Tk2.02tn ADP for FY’20

Staff Correspondent

21 May, 2019 12:00 AM printer

The government is set to clear a nearly 22 percent bigger Annual Development Programme (ADP) of Tk 2.02 trillion for Fiscal Year 2020 on Tuesday keeping an eye on transport sector and mega projects.  

The draft of the next fiscal’s ADP will be placed at the meeting of National Economic Council (NEC) to be held at its auditorium with Prime Minister Sheikh Hasina in the chair, official sources said.

Earlier on May 8, Planning Commission in an extended meeting gave nod to the draft ADP in line with the ceiling put by the Finance Ministry one week ago.

The proposed ADP size is 17.18 percent larger than the current fiscal’s Tk1,73,000 crore original ADP.

But it will be Tk35,721 crore or 21.39 percent bigger than Tk1,67,000 crore revised ADP.

“Our ADP size is becoming the largest as demand for development is rising. We’ve created a history in ADP allocations,” an upbeat MA Mannan, Planning Minister, said after approving the draft.

He said the new ADP has been arranged according to Prime Minister Sheikh Hasina’s development strategy, which has already yielded results.

The new draft ADP also put emphasis on human resource development, power, infrastructure, education and Public Private Partnership (PPP)

initiatives.

“We’ve given priority to allocating more in implementing mega projects along with other development projects,” commented a senior Planning Commission officer.

Among the ongoing projects, Padma Multipurpose Bridge, Metro Rail, Padma rail link project and several other mega projects will be given the highest priority.

Besides, these transport sector schemes, rural road network and other infrastructure development are getting special attention in line with the Awami League government’s electoral pledge for developing township in rural areas.

A Tk12,392.73 crore yearly development plan of public autonomous bodies is being incorporated in main ADP to expand the total ADP size to Tk2,15,113.73 crore. 

Out of the ADP money, Tk1,30,921 crore will come from the state coffer while Tk71,800 crore is expected to come as project assistance.

However, incorporating the autonomous bodies and corporation’s own fund of Tk12,392.73 crore, the draft overall ADP size reached Tk2,15,113.73 crore.

Although transport sector received the highest Tk52,805.69 crore or 26.5 percent of total allocation in new ADP, Local Government Division enjoyed the highest allocation of Tk 29,776 crore as a single agency.

In the outgoing FY’19, transport sector received Tk45,450 crore in allocation.

Power sector got Tk26,017.13 crore or 12.83 percent resource and physical planning while water supply and housing sector Tk24,324 crore or 12 percent of the original ADP.

Besides, the education and religious sector received an allocation of Tk21,379.12 crore (10.55 percent of original ADP), Science and ICT sector Tk17,541.26 crore (8.65 percent 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 percent of original ADP), public administration sector Tk5,023.88 crore (2.48 percent of original ADP).

Meanwhile, ADP of 2018-19 fiscal year have so far witnessed 54.63 percent progress with Tk96,493 crore spending during the July-April period, up from 52.42 percent or Tk82,603 crore spending a year earlier.


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