NEC approves Tk 2.63 lakh crore core ADP for FY24
Dhaka, May 12: The National Economic Council (NEC) has approved a core ADP of Tk 2.63 lakh crore for the next financial year (FY24) with a maximum allocation of Tk 75,945 crore (28.88 percent of the allocation) for the transport and communication sector.
This approval was given in a meeting chaired by NEC Chairperson and Prime Minister Sheikh Hasina on Thursday.
Out of the original ADP allocation of Tk 2 lakh 63 thousand crore, Tk 1 lakh 69 thousand crore will come from local sources and Tk 94 thousand crore will come from foreign sources.
After the meeting, during the press briefing, Planning Minister MA Mannan said that considering the allocation of Tk 11 thousand 674.02 crore, the overall size of ADP has reached Tk 2 lakh 74 thousand 674.02 crore. The overall ADP also includes an allocation of Tk 8,8682 crore as allocation to the development assistance sector.
Out of the total ADP allocation of Tk 2 lakh 74 thousand 674.02 crore, Tk 1 lakh 79 thousand 895.09 crore will come from local sources and Tk 94 thousand 778.93 crore will come from foreign sources.
The total number of projects in the new ADP is 1,309, including 1,118 investment projects, 22 survey projects, 80 technical assistance projects and 89 projects of autonomous organizations and corporations.
In response to the questions of the journalists, Dr. Shamsul Alam said, according to the BBS provisional calculation, the GDP growth of Bangladesh in the outgoing financial year (2023) will be 6.03 percent. In addition, the ADP implementation rate has reached 50.33 percent during the July-April period of the current fiscal year, in which 1 lakh 19 thousand 64.39 crores have been spent. In response to another question, the Planning Minister said that the per capita income in the outgoing financial year has increased compared to last year if calculated in rupees.
Highlighting the directives of the Prime Minister in the NEC meeting, the Planning Minister said that the Prime Minister has asked all concerned to uphold the self-respect and dignity of the country in all areas. Sheikh Hasina has asked all concerned to be careful to avoid unnecessary expenditure and luxurious mentality and to be moderate in government expenditure. Quoting the Prime Minister, Mannan said, "We will spend, but we will spend where it is necessary."
The Planning Minister said the Prime Minister has discouraged unnecessary foreign travel by government employees, asking them to explore alternative export markets as the number of products produced and exported has increased in the past years.