NEC downsizes annual development programme fund

The National Economic Council (NEC) has approved a Tk 1,576 billion Revised Annual Development Programme (RADP), including organisations' own funds, for the current fiscal year (FY18) downsizing the original ADP of Tk 1,641 billion.

"The NEC today approved the revised original ADP making a Tk 49.50 billion cut from the part of foreign sources," said Planning Minister AHM Mustafa Kamal at a briefing after the meeting held at the NEC conference room in the city with Prime Minister Sheikh Hasina in the chair on Tuesday.

Besides, the amount of the organisations' own fund was cut by Tk 15.40 billion and it now stands at Tk 9.21 billion in the revised ADP, he said.

So, the ADP size excluding the organisations' own fund now stands at Tk 1484 billion, of which Tk 963 billion coming from local sources while the rest Tk 520.5 billion from foreign sources, reports UNB.