Revised ADP of Tk 351.30b due to get NEC nod tomorrow

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The proposed revised Annual Development Programme (ADP) of the current fiscal year (2010-11) has come down to Tk 351.30 billion which is 8.75 per cent lower than the original ADP of Tk 385 billion set out in last June's budget, reports UNB. The National Economic Council (NEC) is likely to finalise and approve the revised ADP on Sunday. The meeting will also review the ADP implementation progress for the 2009-10 fiscal, as well as the first two quarters (July-December) of the current fiscal year prepared by the Implementation, Monitoring and Evaluation Division (IMED). According to Planning Ministry sources, the decrease of Tk 33.70 billion from the original ADP will be from the project assistance. As a result, the share of project assistance will come down to Tk 119.30 billion, from the Tk 153 billion earmarked in the original ADP for the fiscal. The revised ADP of the current fiscal year will still be Tk 66.30 billion higher than Tk 285 billion revised ADP for the 2009-10 fiscal. The ADP implementation progress for the last fiscal was 91 percent as Tk 259 billion was disbursed for ADP projects. Planning Ministry officials said that the project aid part has been downsized in the revised ADP due to the low utilization of project aid in the current fiscal, in comparison to local resource utilization. In the revised ADP of Tk 351.30 billion, Tk 338.07 billion has been allocated against 17 sectors that include Tk 219.03 billion as local currency and Tk 119.04 billion as project assistance. Besides, the allocation against different development assistant sectors has been earmarked at Tk 132.22 billion. It was learnt that some 1185 projects have been included in the proposed revised ADP, including 922 investment projects, 188 technical assistant projects and 75 projects under the Japan Debt Cancellation Fund (JDCF). The revised ADP inherits some 915 projects from the actual ADP, in addition to some 270 new projects. Out of the 17 sectors, the energy, power and mineral resources sector has been granted the highest allocation in the revised ADP with Tk 60.88 billion, or 17 per cent. This includes Tk 50.17 billion (14 per cent) for power and Tk 10.71 billion (3 per cent) for oil, gas and mineral resources. The transport sector enjoys the 2nd highest allocation of Tk 52.42 billion (15 per cent), considering the importance of developing the communication sector as well as the proposed Padma Bridge. Nevertheless, this is a slight decrease from the allocation of Tk 55.10 billion in the original ADP. The education and religious sector follows in third with Tk 50.53 billion (14 per cent), down from Tk 51.84 billion in the original ADP. The rural development and rural institution sector is to receive an allocation of Tk 45.50 billion (13 per cent); physical planning, water supply and housing sector Tk 33.46 billion (10 per cent); health, nutrition, population and family welfare sector Tk 31.64 billion (9 per cent); and agriculture sector Tk 23.17 billion (7 per cent). Following the proposal of the ERD, the allocation against some 75 projects under the JDCF has been proposed at Tk 15.03 billion which is also Tk 6.03 billion less than the actual ADP.