Ministry of Planning wants Tk4,000 crore more than the Finance Division’s proposal of revised annual development programme for the current fiscal year.
Planning Minister AHM Mustafa Kamal made the demand at a meeting with Finance Division last week.
The ADP has been proposed to revise down to Tk72,000 crore from Tk80,315 crore now.
The Division has taken the step of slashing the ADP outlay as the prolonged political unrest hit the revenue collection, officials concerned said.
They said it might not be possible to provide more than the proposed RADP as the political crisis continued.
If the amount is raised, extra borrowing from banks would be required, the officials added, which would eventually led to more payments as interest.
Then the interest payment would increase to to Tk35,000 crore from the existing Tk31,043 crore, they claimed.
“More than half of the ADP amount will be used to pay interest,” an official said.
Planning minister will place a proposal regarding the RADP at a meeting of the National Economic Council on Tuesday.
Mustafa Kamal recently claimed different ministries and government agencies implemented 32% of the ADP in the first seven months of the current fiscal year even in the political unrest though it was 33% last fiscal.
The ADP implementation progress was calculated including the expenditure made by the corporations and autonomous bodies under self-financed projects.
A Planning Commission member also thinks the transport blockade and hartals have cast no negative impact on the ADP works. He denounced the finance division’s claim of fund shortage for the ADP due to the unrest.
“There has been no negative impact of the political unrest on the ADP works. There could also be no fund shortage,” Shamsul Alam, a Commission member, told Dhaka Tribune yesterday.
He said their RADP proposal was prepared as per the demand of the ministries and divisions.
Earlier, the government allocated a total of Tk80,315 crore, which is considered as actual ADP size, to the 55 ministries and divisions to implement 1,287 development projects under the ADP.