Tuesday, October 15, 2019, 04:14:07 AM

NEC okays record Tk 2,02,721 crore ADP

Senior Correspondent | banglanews24.com
Update: 2019-05-21 4:49:15 PM
NEC okays record Tk 2,02,721 crore ADP
The NEC meeting

DHAKA: The National Economic Council (NEC approved Tk 2,02,721 crore Annual Development Programme (ADP) outlay for the next fiscal year.

The allocation was approved at the NEC meeting chaired by Prime Minister Sheikh Hasina on Tuesday (May 21).

Planning minister disclosed details about the allocation adding that the transport sector received the highest ADP allocation of Tk 52,806 crore.

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.

Power sector received the allocation of Tk 26,017 crore while Tk 24,324 crore was proposed for physical planning, water supply and housing sector.

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.

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 education and religious sector received an allocation of Tk 21,379 crore, Science and ICT sector with 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.

BDST: 1648 HRS, MAY 21, 2019

All rights reserved. Sale, redistribution or reproduction of information/photos/illustrations/video/audio contents on this website in any form without prior permission from banglanews24.com are strictly prohibited and liable to legal action.