Tk 2.3 lakh crore ADP approved

 
The National Economic Council (NEC) has approved a Tk 2.3 lakh crore Annual Development Programme (ADP) for the upcoming fiscal year. Planning Advisor Dr. Wahid Uddin Mahmud confirmed the approval after the NEC meeting held on Sunday in the NEC conference room at Sher-e-Bangla Nagar.

Chief Advisor Dr. Muhammad Yunus approved the draft of the Annual Development Programme (ADP) during the meeting.

The Annual Development Programme (ADP) for the current fiscal year has been reduced by Tk 35,000 crore from its initial allocation, bringing it down to Tk 230,000 crore in order to eliminate wasteful expenditure. Government funding accounts for Tk 144,000 crore, while foreign loans make up Tk 86,000 crore. A total of Tk 215,514 crore has been allocated to 1,142 projects under the ADP.

It has been found that, as always, the transportation and communication sectors receive the highest priority in funding allocation. The transportation and communication sector receives 25.64 percent of the overall budget, amounting to Tk 58,973 crore. The electricity and energy sector has received the second-largest allocation of 14.08 percent (Tk 32,392 crore).

The education sector receives 12.42 percent, or Tk 28,557 crore. The housing and community facilities sector has been allocated 9.90 percent, or Tk 22,776 crore. Finally, the health sector received 7.89 percent, or Tk 18,148 crore.

Additionally, Tk 13,472 crore has been allocated to the local government and rural development sector, Tk 10,795 crore to agriculture, Tk 10,641 crore to the environment, climate change, and water resources sector, Tk 5,038 crore to industry and economic services, Tk 3,894 crore to science and information technology, Tk 3,675 crore to religion, culture, and entertainment, Tk 2,777 crore to public order and security, Tk 2,018 crore to social security, Tk 1,877 crore to general government services, and Tk 475 crore to defense.

According to sources, the budget for the current fiscal year's Annual Development Programme (ADP) was initially set at Tk 265,000 crore. However, it has been reduced to Tk 216,000 crore in the revised ADP. The development budget for the next fiscal year is Tk 35,000 crore lower than the original ADP for the current year but Tk 14,000 crore higher than the revised one.