PC finalises Tk 385b ADP for next fiscal

FHM Humayan Kabir
The Planning Commission Wednesday finalised an “ambitious” Tk385 billion annual development programme (ADP) for the next fiscal allocating highest Tk 71.94 billion for the local government division, officials said.

Planning ministry officials said Tk47.21 billion, the second highest amount, has been earmarked for the ailing power division, which is Tk 15.88 billion higher than that in the development budget of the outgoing fiscal 2009-10.

Out of total ADB outlay, the planning commission has proposed to supply Tk197 billion or 51 per cent from the local resources while Tk 188 billion or 49 per cent will come from external resources.

The proposed new ADP size is Tk 80 billion higher than 2009-10 fiscal’s Tk305 billion original ADP and Tk100 billion up from the Tk 285 billion revised ADP.

Presided over by the planning minister AK Khandakar, a meeting of the planning commission has finalised the next year ADP, incorporating 906 projects for implementation.

The government every year prepares development budget for improving the country’s infrastructure and social sectors taking some projects under the ADP.

“Now, we will place the development budget before the national economic council (NEC), expected to be held on 25th this month, for approval,” a senior planning ministry official told the FE.

Finance minister AMA Muhith will place the next year national budget in parliament on June 10 this year.

The finance minister said the estimated size of next national budget will be nearly Tk 1.3 trillion, including TK 385 billion ADP.

In the original Tk 305 billion ADP of outgoing FY2010, the government proposed to supply Tk148.35 billion fund from the local resources and the rest Tk 156.65 billion from the external sources.

A senior planning commission official, however, said agriculture, rural development and rural institution, and water resources as a sector has got the highest Tk 82.59 billion fund, 21.45 per cent of the Tk385 billion proposed ADP outlay, for the next fiscal.

Considering the Padma Bridge project, the commission allocated second highest Tk59.31 billion, 15.40 per cent of the total outlay, for the transport sector and third highest Tk 56.80 billion, 14.76 per cent, for the power, oil, energy and natural resources sector.

The commission has also allocated Tk 28.47 billion as the “Development Support” fund especially for the local government institutions and Tk 10.79 billion for the fresh projects, which are yet to be approved by the government.

In the upcoming ADP, some 787 fresh and non-approved projects have been proposed to include in addition to 906 ongoing and fresh projects.

The ministry official said the power division has obtained second highest allocations in the next ADP in a bid to improve the electricity supply situation within couple of year.

About the ambitious development budget, he said: “As the government is committed to increase the public investment in developing the country’s infrastructure, so they have given second highest allocations for the sector.

thefinancialexpress