Tk 2, 02,721cr ADP for FY20 approved
Transport, power sectors get priority
Published : Wednesday, 22 May, 2019 at 12:00 AM Count : 645
The National Economic Council (NEC) has approved a Tk 2.02 trillion (Tk 2, 02,721 crore) Annual Development Programme (ADP) outlay for the fiscal year (2019-20).
The approval came at a meeting at the NEC conference room at the city's Sher-e-Bangla Nagar on Tuesday with Prime Minister Sheikh Hasina in the chair.
Additionally, it okayed ADP worth Tk 12,000 crore for autonomous institutions.
The highest allocation of almost Tk 52,806 crore was given to transportation sector. Power sector came second with an allocation of Tk 26,017 crore.
The government plans to provide Tk 130,921 crore through internal sources and Tk 71,800 from foreign funds, which is 40.78 per cent higher than the current year.
Planning Minister MA Mannan briefed journalists after the meeting.
"The new draft of 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 ADP for the July-April period of the current fiscal year, the Minister said the executing agencies could spend Tk96, 493 crore or 54.63 per cent of the allocation during this 10-month period.
The ADP implementation rate during the July-April period of the last fiscal year was 52.42 per cent or Tk82, 603 crore.
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 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.
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 has 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.
When 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-level visit to the project site and give a feedback.
The ADP size for the next fiscal year is 17.18 per cent higher than the original ADP size of Tk 1, 73,000 crore for the current fiscal year (2018-19).
However, the education and religious sector received an allocation of Tk 21,379 crore, Science and ICT sector Tk 17,541 crore, rural development and rural institution sector Tk 15,157 crore, health, nutrition, population and family welfare sector Tk 13,055 crore, agriculture sector Tk 7,616 crore, water resources sector Tk 5,653 crore and public administration sector Tk 5,024 crore.