The National Economic Council (NEC) today approved Tk 197,643 crore revised Annual Development Programme for the current fiscal year, downsizing the original ADP size of Tk 2,05,145 crore.
The approval came at a meeting of the NEC held at its conference room. NEC Chairperson and Prime Minister Sheikh Hasina chaired the meeting virtually from her official residence Gono Bhaban.
NEC approved the revised ADP of 197,643 crore, said Planning Secretary Mohammad Jainul Bari while briefing reporters after the meeting.
So, an amount of Tk 7,502 crore was cut down from the original ADP size of Tk 205,145 crore.
Out of the total revised ADP outlay, Tk 134,643 crore will be mobilised from local sources while the remaining Tk 63,000 crore will come from foreign sources as loan, said the planning secretary.
The NEC also approved Tk 11,628.9 crore against 101 projects of the autonomous bodies and corporations, he said.
Incorporating funding of the autonomous bodies and corporations, the size of the overall revised ADP for the current fiscal year stands at Tk 2,09,271.9 crore.
The total number of projects in the revised ADP is 1785 -- 1640 investment projects and 145 technical assistance projects, he said.
During the revision of the ADP, Tk 7,501.72 crore was trimmed from foreign sources portion of the original ADP, he added.
The planning division secretary said 442 projects have been earmarked for completion in the RADP in the current fiscal year. The government has been able to provide the full allocations to the projects, he added
About the 442 projects, the prime minister at the meeting directed the authorities concerned to complete those projects in time within this fiscal year.
She also directed them to expedite the implementation works of other projects and asked the project directors to stay in their project sites, said the Planning Secretary.
Noting that the revised ADP was approved a little bit earlier, Jainul said the ministries and divisions will get full four months in this fiscal year to complete their projects.