With the highest allocation share in the transportation and communication sector, followed by the energy and power sector, the government on Thursday approved the Tk263,000 crore annual development program (ADP) for the next fiscal year (FY24).
The total size of the ADP including the cost of self-financed projects stands at Tk274, 674.02 crore.
Implementing agencies will spend Tk11,674 crore for their projects.
Data shows that in FY24, ADP includes 1,309 new projects with 1,118 investment projects and 80 technical assistance projects.
The National Economic Council (NEC) approved the revised ADP at a meeting presided over by NEC Chairperson and Prime Minister Sheikh Hasina at the NEC conference room in the capital.
Out of the total expenditure of ‘Transport and Communication sector, Tk44,571 crore will be available from government funds and Tk31,373 crore from foreign loans and aid.
Among the allocations of the transport and communication sector, the largest portion has been given to the Road Transport and Highways Division (RTHD).
This department is getting an allocation of Tk34,062 crore.
On the other hand, in the second highest allocated sector (energy and power), most of the expenditure will be funded by development partners.
The Power Division is getting the most allocation in this sector, with Tk33,775 crore allocated for this department.
In sector-wise allocation, the education sector got third priority — 11.36% allocation with Tk29,889 crore of the new ADP.
On the other hand, housing and community services was the fourth highest allocation of Tk27,046 crore with 10.28%.
The health sector is fifth in the list. This sector got Tk18,880 crore with 7.18% of the total amount.
However, under the new ADP, at least 20% of the funds will go into 10 mega projects, including the Rooppur nuclear power plant, mostly bankrolled by Russia.
In the new ADP, Rooppur nuclear power plant will get Tk9,707 crore.
Matarbari 1,200MW ultra-super critical coal-fired power plant got the second largest allocation in FY24 ADP with Tk9,181 crore.
ADP Implementation in FY23
ADP implementation registered 50.33% progress in the first 10 months of FY23, which was 23.53% till first half, according to the latest published data.
In the first 10 months of the last fiscal year ADP implementation percentage was 54.57%.
In first six months of FY23, among the 15 ministries and divisions that have got some 83% of the total ADP allocation for this fiscal year, only three — the Bridge Division, the Power Division, and the Ministry of Housing and Public Works — logged over 30% progress in the July-December period of this fiscal year, according to the latest progress report prepared by the Implementation Monitoring and Evaluation Division (IMED).
On the other hand, the ADP implementation rate of five among these 15 ministries and divisions — the Health Service Division, the Ministry of Primary and Mass Education, the Secondary and Higher Education Division, the Ministry of Shipping, and the Ministry of Science and Technology — was below 20% in H1 of FY23.