NEC approves highest ever Tk 2,02,721cr ADP for FY20

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Dhaka, May 21: The National Economic Council (NEC) on Thursday approved the highest ever Tk 2,02,721 crore Annual Development Programme (ADP) for the next fiscal year (2019-2020) giving priority to the transport and power sectors.The approval came at the NEC meeting held at the NEC conference room here with its Chairperson and Prime Minister Sheikh Hasina in the chair.

Of the amount, Tk 1,30,921 crore will come from internal resources while the rest of Tk 71,800 crore from foreign sources, said Planning Minister MA Mannan while briefing reporters after the meeting.

“We’ve crossed the ADP landmark of Tk 200,000 crore for the first time,” he said.

Besides, a Tk 12,393 crore ADP was approved for different autonomous bodies and corporations. Of the amount, Tk 7,082 crore will come from local sources, while the remaining Tk 5,310 crore from foreign sources, he said.

The proposed 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 outgoing fiscal year (2018-19). But the revised ADP for the current fiscal year has already come down tt Tk 1,67,000 crore.

In the proposed ADP for the next fiscal year, the transport sector has received the highest allocation of Tk 52,806 crore (26pc of ADP size), while the Local Government Division got the highest allocation as a single ministry or division with Tk 29,776 crore.