The government is likely going to give final approval to the revised Annual Development Programme (ADP) amounting to Tk 207,550 crore for the current fiscal year on Wednesday next.
A Planning Commission official said the commission approved a revision to the ADP in its meeting held on Wednesday, reducing it by 7.87 percent as various implementing authorities lagged behind in their spending targets.
The revised ADP will be placed for final approval at a meeting of the National Economic Council (NEC) to be chaired by Prime Minister Sheikh Hasina on 2 March, he added.
Earlier, the government had approved an annual development program (ADP) of Tk 2,25,324 crore for the fiscal 2021-22.
However, most of the projects did not spend more money. As a result, the revised ADP or final allocation is reduced by Tk 17,774 crore.
A total of 1,754 projects have received allocations in the revised ADP, and 378 of them are expected to be completed in fiscal 2021-22, the officials said.
The government funds remained unchanged in the revised budget of Tk137,300 crore while foreign aid is going to decline, they mentioned.
In the revised ADP, foreign funds are expected to come down to Tk 70,250 crore from the original Tk 88,024 crore, they added.
In this regard, Planning Minister MA Mannan told Bangladesh Post that a RADP review meeting was held on Wednesday.
"It would not be right to say details now. I will be able to tell the details after the NEC meeting scheduled to be held on Wednesday next," he added.
As per the Planning Commission's proposal, the Road Transport and Highways Division allocation has been risen by 0.89 percent to Tk 28,292 crore, while the Railway Ministry and the Bridges Division allocations have decreased by 7 percent and 42 percent, respectively.
The allocation of the Power Division also dropped in by 10 percent in the current fiscal year.
Although the allocation for the Ministry of Primary and Mass Education has increased a little, it has decreased for the Directorate of Secondary and Higher Education.
On the other hand, in the revised ADP, the Planning Commission has reduced allocation for the health sector by 18.79 percent.
According to the commission's programming division, among the 15 sectors of the ADP, health saw the greatest drop in allocation.
The officials said allocations for all sectors, including agriculture, transport and communications, power and energy, local government and rural development, and education, are being reduced in the revised ADP.
