NEC likely to okay Tk 1.53t ADP for FY18 Sunday

Dhaka,  Sun,  28 May 2017
Published : 13 May 2017, 17:38:36 | Updated : 13 May 2017, 19:15:30
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NEC likely to okay Tk 1.53t ADP for FY18 Sunday

NEC likely to okay Tk 1.53t ADP for FY18 Sunday
The Annual Development programme (ADP) for the upcoming fiscal (FY 17-18) is likely to be approved in a meeting of the National Economic Council (NEC) on Sunday.

NEC Chairperson and Prime Minister Sheikh Hasina is expected to chair the meeting to be held at 10am at the NEC Conference Room in Sher-e-Bangla Nagar, said an official. 

Planning Minister A H M Mustafa Kamal will brief journalists after the meeting, reports BSS. 

According to sources the actual size of the ADP is expected to stand around Tk 1.53 trillion, up by 38 per cent or Tk 420 billion from Tk 1.10 trillion of the current fiscal (FY17). 

Of the Tk 1.53 trillion actual ADP, Tk 963.31 billion will come from the national exchequer while the remaining Tk 570 billion is expected to come from project assistance.

The government is likely to keep Tk 100 billion for the development expenditure of corporation and autonomous bodies for FY18 fiscal and with this allocation the size of the overall ADP will stand at Tk 1.63 trillion.

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.

Out of these, 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 sector is likely to get 26.77 per cent of the original ADP. The mega Padma Multipurpose Bridge Project is likely to get an ADP allocation of Tk 55.24 billion in the next fiscal year and Padma Bridge Railway Link project Tk 76.09 billion. 

Proposed tunnel beneath the Karnaphuli River will get Tk 15.74 billion while Dhaka Mass Rapid Transit Development Project Tk 34.25 billion.

Like other fiscal years the power sector is likely to get the second highest allocation of Tk 188.58 billion and the education sector will get Tk 166.73 billion.

Physical planning, water supply and housing sector is likely to get an allocation of Tk 149.49 billion while science and technology sector Tk 144.50 billion. Rural development and rural institution sector is likely to get around Tk 131.54 billion, while health sector Tk 102.01 billion and agriculture Tk 60.06 billion.

Railways ministry is expected to get Tk 130.01 billion, Science and Technology Tk 106.02 billion Health and Family Welfare Tk 95.11 billion, Primary and Mass Education Tk 87.51 billion, Bridges Division Tk 84.03 billion, Secondary and Higher Education Division Tk 61.64 billion and Water Resources Ministry will get Tk 46.75 billion.

Local Government Division is likely to get the highest allocation of Tk 214.64 billion, Power Division Tk 188.45 billion and Roads and Highways Division Tk 168.20 billion.

 
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