Agriculture gets highest allocation, energy comes next
The Tk 38,500 crore annual development programme (ADP) for the next fiscal year, with the second highest allocation for energy, power and mineral resources, has got the government’s nod.
The National Economic Council meeting, chaired by Prime Minister Sheikh Hasina, approved the development plan yesterday.
The ADP fund allocation this time is 35 percent more than what was for the revised one of the current fiscal year.
On revision, the original Tk 30,500 crore ADP for 2009-10 was slashed to Tk 28,500 crore.
Around 51 percent fund of the new ADP will be mobilised from external resources and the rest from internal resources.
The number of projects will be 910, of which 94 are new projects and the rest carried over from this fiscal year’s revised ADP. Besides, 787 projects have been kept on the waiting list, while 23 projects are under public-private partnership.
The prime minister has already made directives to different ministries and departments to outline primary works from now on so that the works may be started soon after the rainy season, Planning Minister AK Khandker told journalists after the NEC meeting.
Secretary Md Habib Ullah Majumder pointed out that the government’s proper measures had led to the implementation of 60 percent projects under the revised ADP in a 10-month period up to April.
An amount of Tk 1,267 crore has been earmarked for the unapproved projects under the new ADP. Another block allocation of Tk 1,588 crore is for the Padma Bridge and capital dredging of rivers has also been made.
Agriculture, rural development and institutions and water resources have got the highest allocation of Tk 8,167 crore or 21 percent this time, while energy comes next. Tk 6,075 crore or 16 percent has been earmarked for energy.
Tk 5,510 crore or 14 percent goes to the transport sector, Tk 5,184 crore or 13 percent for education and Tk 3,920 crore or 10 percent of the ADP for health, nutrition, population and family welfare sector.