Tk 2.28 trillion revised ADP approved for current fiscal year

The National Economic Council (NEC) has approved a Tk 2.28 trillion Revised Annual Development Programme (RADP) for the current fiscal year (FY23), making a Tk 185.00 billion cut from the allocation of foreign sources portion of the original ADP outlay.

Out of the total RADP allocation, Tk 1.53 trillion will come from local sources while the rest of Tk 745.00 billion will come from foreign sources.

The funding from the local sources in the RADP remained intact.

The approval came from the meeting of the National Economic Council (NEC) held on Wednesday with its Chairperson and Prime Minister Sheikh Hasina in the chair at the NEC Conference Room in the city's Sher-e-Bangla Nagar area.

Briefing reporters after the meeting, State Minister for Planning Dr Shamsul Alam said the overall allocation of the concerned autonomous bodies and corporations in the revised ADP remained intact at Tk 89.95 billion.

Considering the allocation of the autonomous bodies and corporations, the overall size of the RADP in the current fiscal year reached Tk 2.37 trillion.

Dr Alam informed that the number of projects in the RADP reached 1,525 of which 1,410 are investment projects while the rest of 115 are technical assistance projects.

However, if some 102 projects from the autonomous bodies and corporations are added, then the total number of projects in the RADP will be 1,627.