NEC to consider Tk 2 trillion ADP for FY20

Bangla Tribune Desk
Published : 06:00, May 21, 2019 | Updated : 06:00, May 21, 2019

PHOTO/Syed Zakir HossainThe National Economic Council (NEC) is meeting on Tuesday (May 21) to consider a Tk 2.08 trillion original Annual Development Programme (ADP) outlay for the next fiscal year (FY20) giving highest priority on the transport sector, officials said.
Prime Minister Sheikh Hasina will preside over the meeting to be held at it’s the NEC at in the city’s Sher-e-Bangla Nagar area.
On May 8, the draft ADP size was finalized at an extended meeting of the Planning Commission with Planning Minister MA Mannan in the chair.
According to it, Tk 1.30 trillion will come from the government’s own resources while the remaining Tk 718 billion from project assistance. However, incorporating the autonomous bodies and corporation’s own fund of Tk 123.92 billion, the draft overall ADP size reached Tk 2.15 trillion.
“The draft ADP for the next fiscal year will be placed before the National Economic Council (NEC) meeting,” a senior planning commission official told BSS.
He said that the government continued its all-out efforts to ensure highest utilization 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 percent higher than the original ADP size of Tk 1.73 trillion for the current fiscal year (FY19). However, the revised ADP for the current fiscal year came down to Tk 1.67 trillion.
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 Tk 297.76 billion.
In terms of sector-wise allocation, the transport sector received the highest draft ADP allocation of Tk 528.05 billion or 26.5 percent of the original ADP followed by the power sector with Tk 260.17 billion or 12.83 percent of original ADP, physical planning, water supply and housing sector with Tk 243.24 billion or 12 percent of the original ADP.
Besides, the education and religious sector received a draft allocation of Tk 213.79 billion (10.55 percent), Science and ICT sector with Tk 175.41 billion (8.65 percent), rural development and rural institution sector Tk 151.57 billion (7.48 percent), health, nutrition, population and family welfare sector Tk 130.55 billion (6.44 percent), agriculture Tk 76.15 billion (3.76 percent), water resources sector Tk 56.52 billion (2.79 percent), public administration Tk 50.23 billion (2.48 percent).