The government will increase the annual development spending in the upcoming fiscal year to upgrade living standard of the people.
“Size of the annual development programme (ADP) will be Tk1 lakh crore in the next fiscal year,” said Planning Minister AHM Mustafa Kamal.
The minister came up with the disclosure while briefing reporters after a meeting with the ten highest allocated ministries and divisions and also with ten lowest performed ministries and divisions held at the NEC Conference Room in the city yesterday.
“Of the total spending, Tk20,000-Tk25,000 crore will be spent on mega projects which will be visible at the end of the next fiscal,” said the minister.
He noted that the fund, this time, would be given to the ministries and divisions taking into account of their respective spending performances in the current fiscal year.
About the implementation of revised ADP for the current fiscal year, he said:“Secretaries of the respective ministries informed that they will be able to spend 100% allocated for them in the revised development spending.”
Kamal said haat-bazzar would be set up in the planned way alongside the highways, as haat-bazars were mushrooming along the busy highways haphazardly.
The planning ministry will also put forward a project in the Ecnec meeting to allocate Tk20 crore for every member of the parliament, said the minister.
For this fiscal year, the government had revised the ADP down to Tk75,000crore, down 6.62% from the original allocation of Tk80,315 crore.
Power division and ministries of LGRD, Water Resources, Defence, CHT Affairs, Education, Road Transport and Bridges, Health, Law, Justice and Parliamentary Affairs and Home got highest allocation.
According to the revised ADP, the transport sector bagged highest allocation of Tk17,041crore as the government has given the highest priority in this sector.
It was followed by education sector with Tk8,662crore, power sector with Tk7,924 crore, rural development and rural institution with Tk6,982 crore, infrastructure planning, water supply and housing sector with Tk6,838 crore, and health, nutrition, population and family welfare of Tk4,741 crore in the revised ADP.
The ADP implementation stood at 43% or Tk36,923crore in the first nine months (July-March) of the current fiscal year, which was 40% in the same period a year earlier.
