Tk 2.37trn ADP likely in FY22

Staff Correspondent

17 May, 2021 12:00 AM printer

Tk 2.37trn ADP likely in FY22

The size of the Annual Development Programme (ADP) for the 2021-22 fiscal year is likely to be Tk 2,367.93 billion ( Tk 2.37 trillion) as part of the government’s efforts to streamline the economy dented by the Covid-19 pandemic.   

Planning Commission has proposed the figure as it has finalised the draft of the next fiscal’s ADP in an extended meeting held with Planning Minister MA Mannan in the chair, the commission sources said. 

The figure will get final approval in the upcoming meeting of the National Economic Council (NEC), the country’s highest economic policy-making body, later this month.

The new ADP size will be much larger than the current fiscal’s revised ADP of Tk 1.98 trillion that has been curtailed from the original allocation of Tk 2,051.45 billion. 

Of the proposed ADP, Tk 1,440.17 billion will come from the national exchequer and Tk 927.75 billion will come as project assistance.

The new ADP figure also includes Tk 114.69 billion yearly development activities of autonomous public corporations.

If public corporations’ expenditure is excluded, the original ADP outlay will stand at Tk 2,215.60 billion, where local resources’ share will be Tk 1,338.60 billion and that of project assistance Tk 877 billion.

The transport and communications sector is getting the highest allocation of Tk 617.21 billion in the upcoming ADP out of 15 broad sectors. Revised allocation for the sector was Tk 492.13 billion in the current fiscal year.  

The second highest allocation of Tk 458.68 billion is going to the power and energy sector followed by Tk 237.47 billion for the housing and community facilities sector and Tk 231.78 billion for the education sector. 

Planning Commission has proposed a whopping Tk 173.07 billion for the health sector to help fight the health crisis stemming from the Covid-19 pandemic.

The allocation for the health sector is going up by Tk 23.85 billion next year compared to Tk 149.22 billion revised allocation in 2020-21 fiscal year. 

The local government and rural development sector is getting Tk 142.74 billion, environment, climate change and water resources sector Tk 85.26 billion, agriculture sector Tk 76.65 billion, industry and economic services sector will get Tk 46.38 billion.

The science and technology sector is likely to get Tk 35.87 billion, public security sector Tk 32.05, general government service sector receiving Tk 30.13 billion, defence sector Tk 9.88 billion, and religion, culture and entertainment sector Tk 21.96 billion.

Tk 16.46 billion is being allocated for the social security sector as the Covid-19 pandemic calls for wider social protection for people being hit hard during the crisis.