Ministry to seek Tk 5,000cr cut in ADP today

Staff Correspondent | Published: 00:05, Mar 06,2018 | Updated: 23:50, Mar 05,2018

 
 

The size of annual development programme may be slashed by Tk 4,950.25 crore or 3.23 per cent in the revised ADP for the current fiscal year of 2017-2018.
The National Economic Council may approve the revised ADP at a meeting to be held at the NEC conference room at Agargaon in Dhaka today.
Prime minister Sheikh Hasina will preside over the meeting.
The size of the revised ADP may stand at Tk 1,48,381 crore if the NEC approves the proposal put forward by the planning ministry.
The government adopted the original ADP at Tk 1,53,331.25 crore estimating that Tk 96,331.25 crore would come from the domestic fund and Tk 57,000 crore would come from the foreign source as project assistance.
The allocation for the original ADP may be slashed from the foreign resource segment following a slower progress in implementation of the foreign-funded development projects.
The allocation from own funds of the organisations may also be cut by Tk 1,540.19 crore from the original Tk 10,753.58 crore.
Officials of the planning ministry said that like previous year, prime minister Sheikh Hasina might increase the allocation from the government fund to keep the size of the ADP unchanged in the revision.
The NEC last year raised the allocation from the government fund by the same amount that was cut from the allocation from foreign resources.
Officials said that the transport sector would get the highest priority in the revised ADP followed by power sector, rural development and rural institution sector, physical planning, water supply and housing sector, education and religious sector, science, information and communication technology sector, health, nutrition, population and family planning sector, and agriculture sector.
The government’s ADP implementing agencies, mainly ministries and divisions, managed to spend Tk 62,370 crore or 38.01 per cent of the total allocation in eight months (July-February) of the current fiscal year. 

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