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NEC set to endorse today Tk 2.02t ADP for FY ’20

Transport sector to get highest fund


FE Report | Published: May 21, 2019 09:29:47 | Updated: June 14, 2019 12:12:09


Picture used for illustrative purpose only — Collected

The government is going to approve today (Tuesday) a Tk 2.02-trillion Annual Development Programme (ADP) for the next fiscal year (FY), 2019-20, allocating the highest fund to the transport sector, officials said on Monday.

A meeting of the National Economic Council (NEC), to be held in the capital, is likely to endorse the ADP. Prime Minister Sheikh Hasina will preside over the meeting.

The proposed Tk 2.02-trillion ADP outlay is 21.38 per cent higher than the allocation of Tk 1.67 trillion for the ongoing FY, 2018-19.

Meanwhile, the Planning Commission (PC) is also likely to approve another development programme for the state-run autonomous and semi-autonomous bodies, involving Tk 123.93 billion, for the upcoming FY.

On May 08, the PC at a meeting finalised the draft development budget outlay for FY 20, keeping aside 26.05 per cent or Tk 528.05 billion funds for the transport sector alone.

"We have already finalised the draft ADP. Now we will place it before the NEC on Tuesday for finalising," a senior official said on Monday.

The PC officials said they have proposed Tk 1.31 trillion funds or 65 per cent of the total Tk 2.02 trillion outlay from internal income in the next development budget.

"We have shown the remaining Tk 718 billion or 35 per cent of the total from external sources as project aid in the proposed ADP for the next FY," they added.

Meanwhile, the government revised the present ADP outlay in the third quarter of current FY, trimming down the allocation to Tk 1.67 trillion from the original Tk 1.73 trillion due to poor performance of the project implementing agencies.

The government until March of FY 19 implemented 47 per cent of the revised ADP.

According to the PC's proposal, the power sector is going to receive the second highest allocation of Tk 260.17 billion or 12.86 per cent of the total outlay, proposed for the next ADP.

The infrastructure planning, water supply and housing sector has been proposed the third highest allocation of Tk 243.24 billion (12 per cent), and the education and religion sector the fourth highest of Tk 213.79 billion (10.55 per cent) in the ADP for FY 20.

On the other hand, the mass communications sector is set to receive the lowest fund of Tk 2.85 billion, which is 0.14 per cent of the total outlay.

Among the ministries and divisions, the Local Government Division is likely to get the highest allocation of Tk 297.77 billion fund in the next ADP.

Besides, the Power Division is likely to get the second highest of Tk 260.14 billion, and the Road Transport and Highways Division the third highest of Tk 251.63 billion.

In the upcoming ADP, the government is likely to provide Tk 9.62 billion as 'block allocations' for special necessity.

The ADP is a part of the national budget, dedicated to the country's infrastructure development and social sector improvement.

kabirhumayan10@gmail.com

 

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