The government approved Tuesday a Tk 803.15 billion worth of Annual Development Programme (ADP) for the next fiscal year (FY) 2014-15 attaching highest priority to the transport sector.
An additional Tk 56.85 billion-allocation has also been made for the state-owned autonomous bodies and corporations for the next year's ADP.
Presided over by Prime Minister Sheikh Hasina, the National Economic Council (NEC) endorsed the total Tk 860 billion outlay for the development programme, Planning Minister AHM Mustafa Kamal told journalists after the meeting.
The minister said they had earlier proposed a total of Tk 847.16 billion outlay-Tk 790.31 billion for the original ADP and another Tk 56.85 billion for the autonomous bodies and corporations from their own financing-- before the NEC meeting Tuesday.
The Prime Minister at the NEC meeting raised the allocations by Tk 12.84 billion to Tk 803.15 billion due to demands from different government ministries and agencies, and the proposed Tk 56.85 billion allocations for the autonomous bodies and corporations remained unchanged, the Planning Minister said.
"Now we will distribute the additional Tk 12.84 billion funds among different government ministries and agencies based on their demands," the minister said.
The government ministries and agencies will implement the projects under the Tk 803.15 billion outlay, while the autonomous bodies and corporation will implement their own projects from their Tk 56.85 billion outlay, to be provided by their own exchequer.
The next development budget has for the second time incorporated the allocation, worth Tk 56.85 billion, for the state-owned autonomous organisations and corporations with the development progarmme.
The government authorities have no direct monitoring system concerning the allocations for the autonomous bodies and corporations, officials said.
The NEC-approved Tk 803.15 billion original ADP for FY 2015 is 22 per cent higher than the Tk 658.72 billion original outlay, and 34 per cent higher than the outlay of Tk 600 billion revised allocation of the outgoing fiscal year.
The government would provide Tk 526.15 billion or 65.5 per cent from domestic income, while the remaining Tk 277 billion or 34.5 per cent from external resources.
The newly approved ADP has included 1034 ongoing development projects with allocation for implementation in the next fiscal year. And another 959 non-approved projects without allocation are also included.
The transport sector has been given the highest priority in the proposed Tk 803.15 billion ADP for FY 2015.
The government has provided Tk 81 billion funds for the struggling Padma Bridge projects in the next ADP, which has made the transport sector the top-most development fund holder in the newly approved ADP.
The education & religion sector has received the second-highest allocation; the power sector the third highest; the infrastructure planning, water supply & housing sector the fourth largest; the rural development and rural institution sector the fifth highest; the agriculture sector the sixth highest; and the health, nutrition, population & family welfare sector the seventh highest allocations of the total outlay.
According to the Tk 803.15 billion ADP, 1005 projects have been included from the ADP of the outgoing FY 2014, with 29 being newly approved ones until the date of drafting the new ADP.
Out of the total included projects, 324 will be completed within the next FY 2015.
Besides, the ADP of the next fiscal year will also include 40 projects for implementing under public-private partnership (PPP) initiatives.
NEC approves ADP for next fiscal
FHM Humayan Kabir | Published: May 21, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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