Loading...

NEC likely to approve original ADP outlay for next fiscal

Published: May 20, 2019 18:14:30 | Updated: June 14, 2019 12:12:09


A draft of Tk 2.02 trillion Annual Development Programme (ADP) outlay for the upcoming fiscal year will be placed before the National Economic Council (NEC) on Tuesday.

Prime Minister Sheikh Hasina will preside over the NEC meeting to be held at its conference room at 10:00 am in the city’s Sher-e-Bangla Nagar area on the day, reports BSS.

Earlier on May 8, the draft ADP size was finalised at an extended meeting of the Planning Commission with Planning Minister MA Mannan in the chair.

According to planning commission officials, out of the draft original ADP size, Tk 1.30 trillion (Tk 1,30,921 crore) will come from the government’s own resources.

The remaining Tk 718 billion (Tk 71,800 crore) will come from project assistance.

However, incorporating the autonomous bodies and corporation’s own fund of Tk 123 billion (Tk 12,392.73 crore), the draft overall ADP size reached Tk 2.15 trillion (Tk 2,15,113.73 crore).

“The draft ADP for the next fiscal year will be placed before the National Economic Council (NEC) meeting on Tuesday,” said a senior planning commission official.

He said that the government continued its all-out efforts to ensure highest utilisation of the ADP and hopefully this trend would continue in the next year also.

 “The new draft ADP has given special emphasis on human resource development, power, infrastructure, education, and Public Private Partnership (PPP) initiatives.” he added.

The proposed ADP size for the next fiscal year is 17.18 per cent higher than the original ADP size of Taka 1.73 trillion (1,73,000 crore) for the current fiscal year (FY19).

However, the revised ADP for the current fiscal year came down to Taka 1.67 trillion (1,67,000 crore).

The Transport sector received the highest draft allocation in the new ADP considering the Padma Bridge Project and the Padma Bridge Rail Link project.

Besides, the Local Government Division enjoyed the highest allocation as a single ministry with Taka 297.76  billion.

Share if you like