The government has trimmed its Annual Development Programme (ADP) by 3.66 percent to Tk 1,976.43 billion with keeping intact the local resources spending plan on the back of slow execution.
National Economic Council (NEC), the highest economic policy making body, approved the Revised ADP figure for FY21 at a virtual meeting held on Tuesday with Prime Minister Sheikh Hasina in the chair.Original ADP size was Tk 2,05,1.45 billion. Now, it has been curtailed by Tk 7502 from project assistance (PA) segment, Planning Secretary Mohammad Jainul Bari told reporters after the meeting.
After the revision, PA allocation stood at Tk 630 billion, down from originally estimated Tk 705.02 billion, while local resources share is RADP remained unchanged at Tk 1346.43 billion.
NEC also approved Tk 116.29 billion revised development plan of autonomous bodies. The FY21 RADP size will be Tk 2,092.72 billion including this amount.
The number of projects in RADP totaled 1,785 including 1640 investment projects and 145 technical assistant schemes (TAS).
If 101 projects of public corporations are incorporated, the total number of RADP projects stand at 1886.
During the July-January period, implementing agencies managed to spend Tk 610.49 billion or 28.45 percent of original ADP outlay, whereas the execution rate was Tk 689.80 billion or 32.07 percent in FY20, IMED Secretary Pradip Ranjan Chakraborty said.Even after revision, RADP implementation rate in the last fiscal year reached 80.39 percent with an expenditure of Tk 1,61,7.41 billion.
The planning secretary informed that 442 projects have been marked as implementable projects in RADP for the current fiscal year, adding that Prime Minister Sheikh Hasina has directed the authorities concerned to complete those projects within this fiscal year.
Jainul said in future, the projects, set aside to be implemented in a given fiscal year, will have to be finished within that fiscal year and there will be no such time extension unless there is a valid reason.
Replying to a question, the IMED secretary pointed out that the project delay predominantly stem from complexities linked to land acquisition. He said IMED always recommend for “no cost” time extension of projects.
The NEC meeting also ended the difference between ministries with regard ADP allocation sectors. It has now been decided to allocate for 15 sectors by the planning commission instead of existing 17.
Transport sector got the highest allocation Tk 492.13 billion or 24.90 percent RADP money, while physical planning, water supply and housing sector fetched Tk 264.92bn or 13.40 percent money, power sector got Tk 219.45bn or 11.10 percent and education and religion sector received Tk 245.72bn or 12.43 percent of RADP money.
Besides, the Science and ICT Sector got an allocation of Tk115.76bn, rural development and rural institutions sector Tk 182.90bn; health, population and family welfare Tk 149.22bn; agriculture sector Tk 77.34bn; water resources sector Tk 67.09bn and industries sector Tk 35bn.
Among the Ministries and Divisions, the Local Government Division got the highest allocation of Tk 341.70bn followed by the Road Transport and Highways Division with Tk 257.61bn, Power Division with Tk 219.35bn, Ministry of Science and Technology Tk 109.04bn, Ministry of Railways with Tk 119.88bn, Health Services Division with Tk 119.79bn, Secondary and Higher Education Division Tk 96.85bn.
In the meeting, the PM renewed her call that project directors have to remain in their project sites while one project director should not remain in charge of more than one projects, Jainul informed.
The premier also stressed the need for conducting necessary work in the dry season for preventing river erosion, giving all out efforts to maintain the momentum of the economy despite the shock of COVID-19, continuing with the ongoing vaccination programme, boosting food and agricultural production so that the essential items remain within the reach of commoners.