Alexa Tk 2, 2,721cr ADP in FY2 budget

Tk 2,02,721cr ADP in FY20 budget

News Desk daily-bangladesh.com

Published: 22:55 13 June 2019  

File Photo

File Photo

The government has allocated Tk 2,02,721 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.

Kamal, in his budget speech, said he proposed to allocate, from the annual development program, ‘27.4 percent for human resource’ (education, health and related others), ‘21.5 percent for the overall agriculture sector’ (agriculture, rural development, water resources, and related others), ‘13.8 percent for power and energy sector’, ‘26 percent for communication’ (roads, rails, bridges, and related other communications) and ‘11.3 percent for other sectors’.

Earlier, the National Economic Council (NEC) in a meeting with Prime Minister Sheikh Hasina in the chair approved a Tk 2,02,721 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 Tk 52,806 crore or 26.05 percent of the original ADP.

The Transport sector was 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.

Out of the original ADP size, Tk 1,30,921 crore will come from the government’s own resources while the remaining Tk 71,800 crore from project assistance.

However, incorporating the autonomous bodies and corporation’s own fund of Tk 12,392.73 crore, the overall ADP size reached Tk 2,15,113.73 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 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 percent higher than the original ADP size of Tk 1,73,000 crore for the current fiscal year (FY19).
    
However, the revised ADP for the current fiscal year came down to Tk 1,67,000 crore. Besides, the education and religious sector received an allocation of Tk 21,379 crore (10.55 percent of original ADP), Science and ICT sector with Tk 17,541 crore (8.65 percent of original ADP), rural development and rural institution sector Tk 15,157 crore (7.48 percent of original ADP), health, nutrition, population and family welfare sector Tk 13,055 crore (6.44 percent of original ADP), agriculture sector Tk 7,616
crore (3.76 percent of original ADP), water resources sector Tk 5,653 crore (2.79 percent of original ADP), public administration sector Tk 5,024 crore (2.48 percent of original ADP).

According to the Ministry-wise allocation, the Local Government Division got the highest allocation of Tk 29,777 crore followed by the Power Division with Tk 26,014 crore, Road Transport and Highways Division with Tk 25,163 crore, Science and Technology Ministry with Tk 15,908 crore, Railways Ministry with Tk 12,599 crore, Health Services Division with Tk 9,936 crore, Primary and Mass Education Ministry with Tk 9,270 crore, Secondary and Higher Education Division with Tk 8,927 crore, Bridges Division with Tk 8,561 crore and Water Resources Ministry with Tk 6,257 crore.

DailyBangladesh/Adnan