Economic Reporter :
The National Economic Council (NEC) is to approve the Revised Annual Development Programme (RADP) for the current fiscal year (FY18) tomorrow with a proposal for making a 3.23 percent cut from the original ADP size.
“The NEC meeting will be held today and it will be proposed before the meeting to make a Taka 4,950.25 crore cut from the original ADP of Taka 1,53,331.25 crore,” a senior Planning Commission official told.
Prime Minister Sheikh Hasina will preside over the meeting at the NEC conference room in the city’s Sher-e-Bangla nagar area.
The official said the NEC earlier approved a Taka 1,53,331.25 crore ADP for the current fiscal year with Taka 96,331.25 crore coming from the domestic resources while Taka 57,000 crore from the foreign resources.
Considering Taka 4,950.00 crore cut from the foreign resources portion, the revised ADP size would be proposed at Taka 1,48,381 crore, said the Planning Commission official.
Apart from this, the portion from the organization’s own fund in the RADP is also likely to see a Taka 1,540.19 crore cut to Taka 9,213.39 crore.
The same thing happened in the last year’s revised ADP as the budget size remained intact but the government’s own fund component was raised by the same amount in that NEC meeting with a slash in foreign aid.
Talking to the national news agency, State Minister for Finance and Planning MA Mannan said although it’s a usual practice in the country to witness slight cut in the ADP during formulation of the RADP, the final decision would ultimately be taken in the NEC meeting with the Prime Minister in the chair.
He said the Prime Minister could keep intact the overall size if there is any request and finally the ultimate adjustment of allocations would be made against the different sectors and ministries after some days of the NEC meeting.
According to the Planning Commission sources, the transport sector will continue to enjoy the highest priority in the revised ADP followed by power sector, rural development and rural institution sector, physical planning, water supply and housing sector, education and religious sector, science, information and communication technology sector, health, nutrition, population and family planning sector, and agriculture sector.
The data from the Implementation Monitoring and Evaluation Division (IMED) showed that the ADP implementation rate during the July-February period of the current fiscal year reached 38.01 percent with an overall expenditure of Taka 62,370 crore.
The National Economic Council (NEC) is to approve the Revised Annual Development Programme (RADP) for the current fiscal year (FY18) tomorrow with a proposal for making a 3.23 percent cut from the original ADP size.
“The NEC meeting will be held today and it will be proposed before the meeting to make a Taka 4,950.25 crore cut from the original ADP of Taka 1,53,331.25 crore,” a senior Planning Commission official told.
Prime Minister Sheikh Hasina will preside over the meeting at the NEC conference room in the city’s Sher-e-Bangla nagar area.
The official said the NEC earlier approved a Taka 1,53,331.25 crore ADP for the current fiscal year with Taka 96,331.25 crore coming from the domestic resources while Taka 57,000 crore from the foreign resources.
Considering Taka 4,950.00 crore cut from the foreign resources portion, the revised ADP size would be proposed at Taka 1,48,381 crore, said the Planning Commission official.
Apart from this, the portion from the organization’s own fund in the RADP is also likely to see a Taka 1,540.19 crore cut to Taka 9,213.39 crore.
The same thing happened in the last year’s revised ADP as the budget size remained intact but the government’s own fund component was raised by the same amount in that NEC meeting with a slash in foreign aid.
Talking to the national news agency, State Minister for Finance and Planning MA Mannan said although it’s a usual practice in the country to witness slight cut in the ADP during formulation of the RADP, the final decision would ultimately be taken in the NEC meeting with the Prime Minister in the chair.
He said the Prime Minister could keep intact the overall size if there is any request and finally the ultimate adjustment of allocations would be made against the different sectors and ministries after some days of the NEC meeting.
According to the Planning Commission sources, the transport sector will continue to enjoy the highest priority in the revised ADP followed by power sector, rural development and rural institution sector, physical planning, water supply and housing sector, education and religious sector, science, information and communication technology sector, health, nutrition, population and family planning sector, and agriculture sector.
The data from the Implementation Monitoring and Evaluation Division (IMED) showed that the ADP implementation rate during the July-February period of the current fiscal year reached 38.01 percent with an overall expenditure of Taka 62,370 crore.
