The National Economic Council (NEC) today approved a Taka 2.63 lakh crore original ADP (annual development programme) for the next fiscal year (FY24).

The approval came from a meeting of the NEC held today with its chairperson and Prime Minister Sheikh Hasina in the chair.

Out of the original ADP allocation, Taka 1,64,185 crore will come from the local sources while Taka 90,728.18 crore will come from the foreign sources.

Briefing the reporters after the meeting, Planning Minister MA Mannan said that considering an allocation of Tk 11,674.02 crore, the overall ADP size has reached to Tk 2,74,674.02 crore. The overall ADP size also includes an allocation of Tk 8086.82 crore as allocation in development assistance sector.

Out of the overall ADP allocation of Taka 2,74,674.02 crore, Taka 1,79,895.09 crore will come from the local sources while Taka 94,778.93 crore will come from the foreign sources.

State Minister for Planning Dr Shamsul Alam, Planning Commission members and secretaries concerned were present at the briefing.

The total number of projects in the new ADP totaled 1309 including 1118 investment projects, 22 survey projects, 80 technical assistance projects and 89 projects from the autonomous bodies and corporations.

Replying to questions of the reporters, Dr Shamsul Alam said that as per the provisional estimation of BBS, the GDP growth of Bangladesh in the outgoing fiscal year (FY23) would reach to 6.03 percent.

Besides, the rate of implementation of the ADP during the July-April period of the current fiscal year reached to 50.33 percent with an expenditure of Tk 1,19,064.39 crore.

The Planning Minister said the Prime Minister during her recent tour in Washington told the World Bank that Bangladesh would repay the loans in due time if World Bank lends more loans.

BDST: 1826 HRS, MAY 11, 2023
MN/SMS