The Planning Commission (PC) has finalised a Tk 2.02 trillion Annual Development Programme (ADP) for the upcoming fiscal year, allocating more than one-fourth of the outlay for the transport sector, officials said.
At an extended meeting on Wednesday, the PC finalised the development budget outlay for the fiscal year (FY) 2019-20, setting aside Tk 528.05 billion or 26.05 per cent of the fund for the transport sector, they said.
The proposed ADP outlay for FY '20 is 21.38 per cent higher than that of the revised ADP for the outgoing FY.
"The proposed ADP for the next fiscal will be placed at the National Economic Council (NEC) meeting shortly for approval," said a senior PC official.
Of the total ADP size, Tk 1.31 trillion or 65 per cent of the fund will come from the government's own resources, according to the proposal of the Commission.
The remaining Tk 718 billion, or 35 per cent of the outlay, will come from external sources in the form of project assistance (PA).
Meanwhile, the government revised the size of the original ADP for the current FY downward to Tk 1.67 trillion from Tk 1.73 trillion due to poor performance of various agencies involved in project implementation.
The government has implemented 47 per cent of the revised ADP until March of the FY 2018-19.
In the proposed ADP for FY '20, the transport sector will receive the highest allocation while the power sector the second highest of Tk 260.17 billion, or 12.86 per cent of the total outlay, said another PC official.
The infrastructure planning, water supply and housing sectors combined are likely to get the third highest allocation of Tk 243.24 billion (12 per cent) while education and religion are to receive the fourth largest allocation of Tk 213.79 billion (10.55 per cent).
The Commission has also proposed an allocation of Tk 123.92 billion for the state-owned autonomous and semi-autonomous bodies in the ADP for FY '20.
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