Tk 2,02,721cr ADP for FY20 likely
DHAKA, – The Planning Commission today approved a draft Taka 2,02,721 crore original Annual Development Programme (ADP) outlay for the next fiscal year (FY20) giving highest priority on the transport sector.
The draft ADP size was finalized at an extended meeting of the Planning Commission held at the NEC Conference Room in the city’s Sher-e-Bangla Nagar area with Planning Minister MA Mannan in the chair.
Of the draft original ADP size, Taka 1,30,921 crore will come from the government’s own resources while the remaining Taka 71,800 crore from project assistance. However, incorporating the autonomous bodies and corporation’s own fund of Tk 12,392.73 crore, the draft overall ADP size reached Taka 2,15,113.73 crore.
“The draft ADP for the next fiscal year will be placed before the National Economic Council (NEC) meeting soon,” said the Planning Minister while briefing reporters after the meeting.
He said that the government has kept continuing all-out efforts to ensure highest utilization of the ADP and hopefully this trend would continue in the next year also.
“The new draft ADP has given special emphasis on human resource development, power, infrastructure, education, and Public Private Partnership (PPP) initiatives,” he added.
Asked whether there would be any new step to break the shackles of lengthiness in project implementation, Mannan said that the government is trying hard to break this trend.
He informed that the Implementation Monitoring and Evaluation Division (IMED) under the Ministry of Planning would be further strengthened and hopefully good results would come at the end of the year.
About the implementation rate of the Annual Development Programme (ADP) for the July-April period of the current fiscal year, the Minister said the executing agencies could spend Taka 96,493 crore or 54.63 percent of allocation during this 10-month period.
The ADP implementation rate during the July-April period of the last fiscal year was 52.42 percent or Taka 82,603 crore.
Planning Division Secretary Md Nurul Amin said this draft ADP would be placed before the NEC meeting likely in the next week.
The proposed ADP size for the next fiscal year is 17.18 percent higher than the original ADP size of Taka 1,73,000 crore for the current fiscal year (FY19). However, the revised ADP for the current fiscal year came down to Taka 1,67,000 crore.
The Transport sector received the highest draft allocation in the new ADP considering the Padma Bridge Project and the Padma Bridge Rail Link project. Besides, the Local Government Division enjoyed the highest allocation as a single Ministry with Taka 29,776 crore.
In terms of sector-wise allocation, the transport sector received the highest draft ADP allocation of Taka 52,805.69 crore or 26.5 percent of the original ADP followed by the power sector with Taka 26,017.13 crore or 12.83 percent of original ADP, physical planning, water supply and housing sector with Taka 24,324 crore or 12 percent of the original ADP.
Besides, the education and religious sector received a draft allocation of Taka 21,379.12 crore (10.55 percent of original ADP), Science and ICT sector with Taka 17,541.26 crore (8.65 percent of original ADP), rural development and rural institution sector Taka 15,157.40 crore (7.48 percent of original ADP), health, nutrition, population and family welfare sector Taka 13,055.47 crore (6.44 percent of original ADP), agriculture sector Taka 7,615.93 crore (3.76 percent of original ADP), water resources sector Taka 5,652.90 crore (2.79 percent of original ADP), public administration sector Taka 5,023.88 crore (2.48 percent of original ADP).
General Economics Division (GED) member of the Planning Commission Dr Shamsul Alam and other Planning Commission members were present at the briefing.