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ADP of Tk1, 53,331cr likely to be okayed on Sunday

  • Published at 04:35 pm May 13th, 2017
ADP of  Tk1, 53,331cr likely to be okayed on Sunday
The Annual Development Programme (ADP) for the upcoming Fiscal Year 2017-18 is likely to be approved in a meeting of the National Economic Council (NEC) on Sunday, reports BSS. NEC Chairperson and Prime Minister Sheikh Hasina is expected to chair the meeting to be held at 10am at the NEC Conference Room at Sher-e-Bangla Nagar, official said. Planning Minister AHM Mustafa Kamal will brief journalists after the meeting. According to sources, the actual size of ADP is expected to stand at Tk1, 53,331 crore, up by 38% or Tk42,000 crore from Tk1,10,700 crore of the current fiscal year. Of the actual amount, Tk96,331 crore will come from the national exchequer while the remaining Tk57,000 crore from project assistance. The government is likely to keep Tk10,000 crore for development expenditure of corporations and autonomous bodies for FY’18, and with this allocation, the size of overall ADP will stand at Tk1,63,331 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. 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 is likely to get 26.77% of the original ADP.
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