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19 March, 2019 05:00:48 PM / LAST MODIFIED: 19 March, 2019 06:44:16 PM
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NEC approves Tk 1,65,000cr revised ADP

Independent Online Desk
NEC approves Tk 1,65,000cr revised ADP
Finance Minister AHM Mustafa Kamal briefs reporters after the day’s National Economic Council (NEC) meeting held at the NEC conference room with Prime Minister Sheikh Hasina in the chair on Tuesday, March 19, 2019. Photo PID

 

The National Economic Council (NEC) on Tuesday approved a Taka 1,65,000 crore Revised Annual Development Programme (RADP) for the current fiscal year (FY19) keeping highest priority on the transport sector.

The approval came from a NEC meeting held at its conference room with Prime Minister Sheikh Hasina in the chair.

Briefing reporters after the meeting, Planning Minister MA Mannan said the revision to the ADP was made considering availability of local resources, foreign financing and considering the overall macroeconomic situation.

The NEC meeting also approved a Taka 9,620 crore RADP for the autonomous bodies and corporations and incorporating this portion, the overall size of RADP rose to Taka 1,74,620 crore.

Out of the main RADP size of Taka 1,65,000 crore, the Minister said that Taka 1,14,000 crore will come from the local sources, Taka 51,000 crore as project assistance while the rest of Taka 9,620 crore has been kept for the autonomous bodies and corporations.

Earlier in May, the NEC approved an Annual Development Programme (ADP) of Taka 1,73,000 crore for the current fiscal (2018-19).

Out of the original ADP size of Taka 1,73,000 crore for the current fiscal year, Taka 1,13,000 crore was supposed to come from the local sources while the rest Taka 60,000 crore from the foreign sources.

Mannan said the total number of projects in the RADP stood at 1916 including 1629 investment projects, some 154 technical assistance projects, 2 projects from the Japan Debt Cancellation Fund (JDCF) while the rest of 131 projects for the autonomous bodies and corporations.BSS.

 

HM

 

 

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Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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