DHAKA, June 11, 2020 (BSS) – The government has allocated Taka 2,05,145 crore as the annual development programme (ADP) for the fiscal year (FY21) as Finance Minister AHM Mustafa Kamal today placed a Taka 5,68,000 crore welfare-oriented national budget for the next fiscal in the Jatiya Sangsad (JS).
“In FY 2020-21, the size of the total expenditure has been estimated at Tk 5,68,000 crore, which is 17.9 percent of GDP. Total allocation for operating and other expenditures is estimated at Tk 3,62,855 crore, while the allocation for the annual development program (ADP) is Tk. 2,05,145 crore.” Kamal said in his budget speech.
The finance minister also said health, agriculture and employment creation have been given priority while allocating resources for the ADP.
“I propose to allocate, from the ADP of FY 2020-21, 28.5 percent for human resources sectors (education, health and related other), 22 percent percent for the overall agriculture sector (agriculture, rural development, water resources, and related others), 13 percent for the power and energy sector, 25.4 percent for communication (roads, rails, bridges, and related other communications), and 11.1 percent for other sectors,” he said.
Earlier on May 19, the National Economic Council (NEC) approved the Taka 2,05,145 crore ADP for the next fiscal year (FY21) giving the highest priority to the transport sector.
Out of the total ADP outlay, Taka 1,34,643 crore will come from the local sources while Taka 70,502 crore from the foreign sources.
Besides, Taka 9,466 crore was allocated against 89 projects of the autonomous bodies and corporations. Incorporating the funding of the autonomous bodies and corporations, the size of the overall ADP for the next fiscal year totaled Taka 2,14,611 crore.
The number of projects in the new ADP totaled 1,584, including 1456 investment projects, 127 technical assistant projects, and one project from the Japan Debt Cancellation Fund (JDCF). Besides, there are 89 projects of the autonomous bodies and corporations.
The new ADP for the next fiscal year is Taka 12,224 crore higher than the revised ADP of the outgoing fiscal year (FY20) which was Taka 1,92,921 crore.
In the new ADP, the transport sector got the highest allocation with 25.43 percent or Taka 52,183 crore followed by the 2nd highest physical planning, water supply and housing sector with Taka 25,795 crore (12.57% of ADP allocation), the 3rd highest power sector with Taka 24,804 crore (12.09% of ADP allocation) while the education and religion sector got the 4th highest allocation with Taka 23,390 crore (11.40% of ADP allocation).
Besides, in the proposed ADP, the Science and ICT Sector got an allocation of Taka 18,448 crore (8.99% of ADP allocation) followed by Taka 15,555 crore (7.58% of ADP allocation) to the rural development and rural institutions sector, Taka 13,033 crore (6.35 % of ADP allocation) to the health, population and family welfare sector, Taka 8,352 crore (4.09% of ADP allocation) to the agriculture sector, Taka 5,527 crore (2.69% of ADP allocation) to the water resources sector, Taka 4048 crore (1.97% of ADP allocation) to the public administration sector.
Among the Ministries and Divisions, the Local Government Division got the highest ADP allocation of Taka 31,131 crore followed by the Road Transport and Highways Division with Taka 24,825 crore, Power Division with Taka 24,804 crore, Ministry of Science and Technology with Taka 17,389 crore, Ministry of
Railways with Taka 12,491 crore, Health Services Division with Taka 10,054 crore, Secondary and Higher Education Division with Taka 9,865 crore, Ministry of Primary and Mass Education with Taka 9,404 crore, Bridges Division with Taka 7,973 crore and the Ministry of Water Resources with Taka 6,269 crore.
Among the allocations for the mega projects, the Rooppur Nuclear Power Plant Project got the highest allocation with Taka 15,691 crore while the Paira Deep Sea Port Project the lowest Taka 350 crore.
Besides, the single line dual gauge track construction from Dohazari to Cox’s Bazar via Ramu then Ghumdum near Myanmar witnessed an allocation of
Taka 1,500 crore followed by Taka 5,000 crore to the Padma Multipurpose
Bridge Project, Taka 4,370 crore to the Metro Rail (MRT Line 6) Project, Taka
3,685 crore to the Padma Bridge Rail Link Project, Taka 3,670 crore to
Matarbari Ultra Super Critical coal-fired Power Plant Project.
The new ADP for FY21 witnessed a record Taka 5,898.17 crore block allocation to spend that amount in case of any natural disaster or in any national need. The block allocation is also 2.87 percent of the overall ADP allocation.
In the wake of COVID-19 pandemic, the new ADP also enjoyed higher priority to health, agriculture, social safety nets and generating more employments.
Apart from this, a total of 61 projects have been included in the list of Public Private Partnership (PPP) initiative in the new ADP.