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Tk2,02,721 crore highest ever ADP okayed for upcoming FY2019-20

  • Published at 07:17 pm May 21st, 2019
NEC meeting
Prime Minister Sheikh Hasina presides over a National Economic Council (NEC) meeting at the Planning Ministry in the capital on Tuesday PID

The outlay is 21.39% higher than the revised ADP

The government has finalized a Tk2,02,721crore annual development project (ADP) for the upcoming 2019-20 fiscal year,  giving the highest allocation to the transport sector. 

The ADP outlay is the highest in the history of the country.

Prime Minister Sheikh Hasina on Tuesday approved the ADP in a meeting of National Economic Council (NEC) at the Planning Ministry in the capital.

Ministers concerned and the council members were present in the program. Planning Minister MA Mannan briefed reporters after the meeting.

“New ADP allocation size has increased by 17.18% compared to Tk1,73,000crore  original ADP for the current FY2018-19,” said the planning minister.

“The growth is 21.39% higher than the revised ADP of  Tk1,67,000crore  for the current fiscal year,” he said, adding that the country attained at least 7-fold rise in ADP outlay in the last 10 years.

It was only Tk30,500crore in 2009-10FY, informed Mannan.

Of the total outlay, the government would generate Tk1,30,921 crore from internal sources, while Tk71,800 crore would come from foreign sources, according to a document of the  planning ministry.

A total number of 1,358 investment projects and 116 technical assistance projects will be funded from the ADP, it says.

The planning minister said the government gave the transport sector priority considering the rapid implementation of Padma Bridge and its rail link projects.  

NEC allocated Tk52,806crore for the transport sector, which is 26% of the total size of the ADP, while the second highest allocation is for electricity — Tk26,017 crore.

The physical infrastructure, water supply and housing sector got Tk24,324 crore — the third highest allocation.

Among the other sectors, education and religion got an allocation of Tk21,379 crore, science, information and ICT Tk17,541 crore, rural development Tk15,157 crore, health, population and family welfare Tk13,055 crore, agriculture Tk7,616 crore, water resource Tk5,653 crore and the public administration sector got Tk5,024 crore allocation for FY2019-20.

On ministry-wise ADP allocation, local government department got the highest allocation with Tk29,777 crore, power and electricity division TK26,014 crore as second highest and road transport and highway division Tk25,163 crore as the third highest recipient.

Besides, NEC separately approved Tk12,393 crore ADP for state-owned autonomous organizations and corporations. Of the sum, Tk7,082 crore will come from domestic sources and Tk5,310 crore from foreign sources.

PM’s instructions

Planning Minister MA Mannan said Prime Minister Shikh Hasina, in the meeting, directed officials concerned to look into the projects not implemented in time and to find out the reasons behind their delayed implementation.

“Besides, she urged the officials not to acquire crop fields for implementing development projects,” he said, while briefing the reporters.

On revenue collections, the prime minister asked Finance Minister AHM Mustafa Kamal to fix disputes over long outstanding value added tax (VAT) amount between the National Board of Revenue (NBR) and other government agencies like Bangladesh Petroleum Corporation (BPC), said the minister citing Hasina. 

Mannan said that PM instructed for a publication compiling all development projects implemented by all ministries on hill districts.

54.42% ADP implemented in 10 months

The minister said a 54.42% ADP was implemented in the first 10 months of the ongoing fiscal 2018-19, spending Tk97,030crore. 

Mentioning the rise in ADP implementation rate, the minister said a 52.42% were implemented in the corresponding time of the previous year.   

IMED to look into grafts in RNPP housing 

Responding to a question, Planning Minister MA Mannan said the ministry ordered its office, Implementation Monitoring and Evaluation Division, to look into the irregularities in the Rooppur nuclear power plant housing project.

The division was also asked to submit a report immediately.