Dhaka, Bangladesh
Govt adopts ambitious next ADP worth Tk 202,721cr

Govt adopts ambitious next ADP worth Tk 202,721cr

News Desk An ambitious highest-ever development budget worth Tk 202,721 crore is being taken for the next fiscal year, as the government desires to take the economy on a higher trajectory of growth. The National Economic Council (NEC) in a meeting with Prime Minister Sheikh Hasina in the chair approved Tuesday the Annual Development Programme (ADP) with the highest priority attached to the transport sector that boasts numerous meg-projects. "In terms of sector-wise allocation, the transport sector received the highest ADP allocation of Tk 52,806 crore or 26.05 percent of the original ADP," Planning Minister MA Mannan told the media in a briefing after the meeting in the NEC conference room at Sher-e-Bangla Nagar. He said it is followed by power sector with Tk 26,017 crore or 12.83 percent of original ADP while Tk 24,324 crore or 12 percent of the original ADP was proposed for physical planning, water supply and housing sector. Mannan said out of the original ADP outlay, Tk 130,921 crore will come from government's own resources while the remaining Tk 71,800 crore from project assistance. However, incorporating the autonomous bodies and corporations' own funds worth tak 12,392.73 crore, the overall ADP comes to Tk 215,113.73 crore, says a BSS report. The new ADP for FY 2019-20 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 the autonomous bodies and corporations. Earlier on May 8, the draft ADP size was finalised at an extended meeting of the Planning Commission with Planning Minister MA Mannan in the chair. The Planning Minister said the ADP allocation for the first time crossed taka-two-lakh mark, which is also a 'landmark' for the country. Mannan said Prime Minister Sheikh Hasina in the meeting asked the authorities concerned to give due importance on research and technical education, complete the projects within the stipulated timeframe, to find out the reasons for those projects which could not be completed within the stipulated timeframe and thus facilitate implementation of those, not acquire land without any valid reason for development projects as well as discourage acquiring arable land. The Planning Minister said the Prime Minister directed him to take initiative to make a publication on the overall development expenditure in the CHT region by all the ministries and divisions. The Prime Minister also directed all authorities concerned to clear their arrear bills as well as paying timely the land development taxes. Answering to a question, Mannan said the private sector in the country is not getting squeezed as the government is giving them enough space. Asked about the alleged irregularities in some components of the Rooppur Nuclear Power Plant Project, the Planning Minister said he would direct the IMED to make a field-visit to the project site and thus give a feedback. Mannan said in reply to another questioner that no project would suffer due to shortage of funds. He also asserted that the government would give more emphasis on implementing the new ADP from the very first day of the next fiscal year. The ADP size for the next fiscal year is 17.18 percent higher than the original ADP size of Tk 173,000 crore for the current fiscal year (FY19). However, the revised ADP for the current fiscal year came down to Tk 167,000 crore. Besides, the education and religious sector received an allocation of Taka 21,379 crore (10.55 percent of original ADP), Science and ICT sector with Taka 17,541 crore (8.65 percent of original ADP), rural development and rural institution sector Taka 15,157 crore (7.48 percent of original ADP), health, nutrition, population and family welfare sector Taka 13,055 crore (6.44 percent of original ADP), agriculture sector Taka 7,616 crore (3.76 percent of original ADP), water resources sector Taka 5,653 crore (2.79 percent of original ADP), public administration sector Taka 5,024 crore (2.48 percent of original ADP). According to the Ministry-wise allocation, the Local Government Division got the highest allocation of Taka 29,777 crore followed by the Power Division with Taka 26,014 crore, Road Transport and Highways Division with Taka 25,163 crore, Science and Technology Ministry with Taka 15,908 crore, Railways Ministry with Taka 12,599 crore, Health Services Division with Taka 9,936 crore, Primary and Mass Education Ministry withTaka 9,270 crore, Secondary and Higher Education Division with Taka 8,927 crore, Bridges Division with Taka 8,561 crore and Water Resources Ministry with Taka 6,257 crore. Meanwhile, about the ADP utilization status, Mannan said the executing agencies could spend Tk 97,030 crore or 54.94 percent of original ADP during the July-April period of the current fiscal year. The ADP implementation rate during the July-April period of the last fiscal year was 52.42 percent with an expenditure of Tk 82,603 crore.

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