The government has approved a Tk 227,566 crore revised Annual Development Programme (RADP) for the current fiscal year 2022-23.
The approval came from the National Economic Council (NEC) meeting with NEC Chairperson and Prime Minister Sheikh Hasina in the chair on Wednesday.
Ministers, State Ministers, Planning Commission members and secretaries concerned attended the meeting from the NEC Conference Room in the city's Sher-e-Bangla Nagar area in the capital.
Briefing reporters, State Minister for Planning DrShamsulAlam said the NEC has approved Tk227,566 crore RADP for the current fiscal year, reducing the original ADP size by 7.51 percent.
The revised ADP is slated to implement a total of 1,627 projects with the allocation, which earlier was Tk246,066 crore.
The state minister for planning said the size of the revised ADP for FY23 rose to 9.64 percent from the revised ADP for FY22. He said the government will provide Tk 153,066 crore or 67.26 percent from its own fund which remained the same as the original ADP.
However, the foreign aid amount (external sources) came down to Tk 74,500 crore, down Tk18,500 crore or 32.74 percent of the total allocation.
The project implementing agencies will spend around TK 8,994.58 crore for their respective projects.
Therefore, the actual size of the revised ADP stood at Tk 236,560.67 crore including the cost of self-financed projects.
According to the revised plan, the transport sector will receive the highest TK61,810 crore, around 27.16 percent of the total allocation, to improve the infrastructure.
The second highest Tk38,317 crore or 16.84 percent was allocated to implement the projects of the power sector while Housing and Community Facilities sector was allocated Tk25,939 crore or 11.4 percent.
Quoting the Prime Minister, the state minister said decisions on project implementation should be taken wisely.
The Prime Minister called on the authorities to prioritise the projects that will generate income and employment opportunities, as well as the ones that can be completed soon, he mentioned.
He said, "Emphasising the importance of relevant skill building, the PM has ordered to formulate ministry-based lists to figure out the loopholes citing the stagnation of many projects which are yet to go into full operation for the lack of skilled employees."