The government has allocated Tk2,02,721 crore as Annual Development Program (ADP) outlay in the proposed national budget for FY20 giving highest priority to the transport sector.
“Regional parity, human resource development, infrastructural development and quality of expenditure have been given priority in the allocation for the annual development program,” said Finance Minister AHM Mustafa Kamal while placing his maiden national budget in parliament on Thursday, reports BSS.
Kamal, in his budget speech, said he proposed to allocate, from the annual development program, 27.4% for human resource (education, health and related others), 21.5% for the overall agriculture sector (agriculture, rural development, water resources, and related others), 13.8% for power and energy sector, 26% for communication (roads, rails, bridges, and related other communications) and 11.3% for other sectors.
Earlier, the National Economic Council (NEC) in a meeting with Prime Minister Sheikh Hasina in the chair, approved a Tk2,02,721 crore Annual Development Program (ADP) outlay for the next fiscal.
In terms of sector-wise allocation, the transport sector received the highest ADP allocation of Tk52,806 crore or 26.05% of the original ADP.
The Transport sector was followed by power sector with Tk26,017 crore or 12.83% of original ADP while Tk24,324 crore or 12% of the original ADP was proposed for physical planning, water supply and housing sector.
Out of the original ADP size, Tk1,30,921 crore will come from the government’s own resources while the remaining Tk71,800 crore from project assistance.
However, incorporating the autonomous bodies and corporation’s own fund of Tk12,392.73 crore, the overall ADP size reached Tk2,15,113.73 crore.
The ADP
The new ADP for FY20 has some 1,475 projects including 1,358 investment projects, 116 technical assistance projects and one project from the Japan Debt Cancellation Fund (JFCF).
Besides, there are some 89 projects which would be implemented by autonomous bodies and corporations. Earlier 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.
The ADP size for the next fiscal year is 17.18% higher than the original ADP size of Tk1,73,000 crore for the current fiscal year (FY19).
However, the revised ADP for the current fiscal year came down to Tk1,67,000 crore. Further education and religious sector received an allocation of Tk21,379 crore (10.55% of original ADP), Science and ICT sector with Tk17,541 crore (8.65% of original ADP), rural development and rural institution sector Tk15,157 crore (7.48% of original ADP), health, nutrition, population and family welfare sector Tk13,055 crore (6.44% of original ADP), agriculture sector Tk7,616 crore (3.76% of original ADP), water resources sector Tk5,653 crore (2.79% of original ADP), public administration sector Tk5,024 crore (2.48% of original ADP).
According to the Ministry-wise allocation, the Local Government Division received the highest allocation of Tk29,777 crore followed by the Power Division with Tk26,014 crore, Road Transport and Highways Division with Tk25,163 crore, Science and Technology Ministry with Tk15,908 crore, Railways Ministry with Tk12,599 crore, Health Services Division with Tk9,936 crore, Primary and Mass Education Ministry with Tk9,270 crore, Secondary and Higher Education Division with Tk8,927 crore, Bridges Division with Tk8,561 crore and Water Resources Ministry with Tk6,257 crore.
Read the full budget speech for FY20 here.
