NEC likely to okay Taka 1, 53,331cr ADP for FY18 tomorrow

NEC likely to okay Taka 1, 53,331cr ADP for FY18 tomorrow

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The Annual Development Programme (ADP) for the upcoming fiscal 2017-18 is likely to be approved in a meeting of the National Economic Council (NEC) tomorrow (Sunday).

NEC Chairperson and Prime Minister Sheikh Hasina is expected to chair the meeting to be held at 10am at the NEC Conference Room in Sher-e-Bangla Nagar here, official said. Planning Minister A H M Mustafa Kamal will brief journalists after the meeting.

According to sources the actual size of the ADP is expected to stand at Taka 1, 53,331 crore, up by 38 percent or Taka 42,000 crore from Taka 1,10,700 crore of the current fiscal (FY17).

Of the Taka 1, 53,331 crore actual ADP, Taka 96,331 crore will come from the national exchequer while the remaining Taka 57,000 crore is expected to come from project assistance.

The government is likely to keep Taka 10,000 crore for the development expenditure of corporation and autonomous bodies for FY18 fiscal and with this allocation the size of the overall ADP will stand at Taka 1,63,331 crore.

In the new ADP, transport, education, power, rural development, health, and water sector are expected to get the highest priority.

According to the Planning Commission meeting, 90 new projects are likely to be included in the proposed new ADP, increasing the total number of projects to 1,195.

Out of these, the total number of investment projects will be 1,079, while the number of technical assistance projects 112.

As the transport sector is the priority sector of the government, this sector is likely to get 26.77 percent of the original ADP. The mega Padma Multipurpose Bridge Project is likely to get an ADP allocation of Tk 5524 crore in the next fiscal year and Padma Bridge Railway Link project Tk 7609 crore.

Proposed tunnel beneath the Karnaphuli River will get Tk 1,574 crore while Dhaka Mass Rapid Transit Development Project Tk 3,425 crore.

Like other fiscal years the power sector is likely to get the second highest allocation of Tk 18,858 crore and the education sector will get Tk 16,673 crore.

Physical planning, water supply and housing sector is likely to get an allocation of Tk 14,949 crore while science and technology sector Tk 14,450 crore. Rural development and rural institution sector is likely to get around Tk 13,154 crore, while health sector Tk 10,201 crore and agriculture Tk 6,006 crore.

Railways ministry is expected to get Tk 13,001 crore, Science and Technology Tk 10,602 crore Health and Family Welfare Tk 9,511 crore, Primary and Mass Education Tk 8,751 crore, Bridges Division Tk 8,403 crore, Secondary and Higher Education Division Tk 6,164 crore and Water Resources Ministry will get Tk 4,675 crore.

Local Government Division is likely to get the highest allocation of Tk 21,464 crore, Power Division Tk 18,845 crore and Roads and Highways Division Tk 16,820 crore, reports BSS.

 

 

 

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