The government has drafted the biggest-ever Tk 202,721 crore annual development programme (ADP) for the upcoming fiscal 2019-20 with an ambitious Tk 130,921 crore revenue target for speedy implementation of projects. The planning ministry on Wednesday has finalised the draft of ADP for the fiscal 2019-2020 where the rest of the ADP financing of Tk 71,800 crore has been planned from external sources. The estimated ADP for the coming fiscal is 17.18 percent more than the revised figure of current one.
In the coming year’s draft development plan, the transport sector has been attached the highest importance. The draft ADP was finalised at a meeting at planning ministry with the Planning Minister MA Mannan in the chair. “We are continuing our all-out efforts to achieve ADP implementation at the highest rate. We want to maintain continuation of implementation of the ongoing projects, especially mega programmes next year also. We have attached special importance on human development, power, infrastructure development, education, health and public-private partnership in the new ADP,” the minister told reporters after the meeting.
Planning secretary Md Nurul Amin placed the final draft of ADP before the journalists, saying it is a draft proposal.“The final draft of ADP will be placed before the NEC meeting within a week to get its nod,” he said after the meeting held at NEC conference room in the city’s Agargoan area on Wednesday. “During the first 10 months of the current fiscal (July-April), 54.63 percent of revised ADP has been implemented as the ministries and departments have so far spent Tk 96,493 crore. In the same period last fiscal (2017-18), 52.42 percent ADP was implemented, spending Tk 82,603 crore,” he said.
The size of ADP for the current fiscal (2018-2019) was Tk 173,000 crore, which was revised to Tk 165,000 crore. The National Economic Council (NEC) in a meeting in March approved the revised annual development programme (RADP) keeping the highest priority on transport sector. The ADP was revised by the NEC considering availability of local resources, foreign financing, keeping the overall macroeconomic situation in the mind.
It had also approved a Tk 9,620 crore RADP for the autonomous bodies and corporations and incorporating this portion, the overall size of RADP rose to Tk174,620 crore. Out of the main RADP size of Tk 165,000 crore, a total of Tk114,000 crore would come from the local sources, Tk51,000 crore as project assistance while the rest of Tk9,620 crore has been kept for the autonomous bodies and corporations.
In the original ADP of Tk 173,000 crore for the current fiscal year, Tk 113,000 crore was targeted to collect from local sources while the rest Tk 60,000 crore from the foreign sources. In the drafted ADP, Local Government Division (LGD) gets the highest division-wise allocation of Tk 29,776 crore. Power Division gets Tk 26,014.44 crore second highest allocation. Roads and Highways Division gets third highest allocation of Tk 25163.36 crore in the ADP.
In the 2019-20 fiscal, transport sector will get highest allocation TK 52,805.69 crore which is 26.5% of the total ADP. The government is now constructing Padma Multipurpose Bridge, Padma Rail Link, Metro Rail Service and other ongoing projects. Besides, the ministry has given second highest allocation of Tk 26 017.13 crore on energy sector which 12.83 per cent of total ADP size. The ministry has given third highest allocation of Tk 24,324 crore in the housing sector.