Tk2.65 lakh crore ADP set for FY25

The government has set the Annual Development Programme (ADP) outlay at Tk 2,65,000 crore for the next fiscal year (FY25) putting the highest allocation in the transport and communication sector.

"For the upcoming FY 2024-25, the budget size has been estimated to be Tk 7,97,000 crore, which is 14.2 per cent of the GDP. A total of Tk 5,32,000 crore is proposed to be allocated for other expenditures including operating expenditure and Tk 2,65,000 crore is proposed to be allocated for the Annual Development Program," said Finance Minister Abul Hassan Mahmood Ali while placing the budget for FY25 at Jatiya Sangsad Bhaban on Thursday.

Earlier on May 16, the National Economic Council (NEC) approved a Tk 2.65 lakh crore ADP for the next fiscal year (FY25), putting the highest allocation of Tk 70,687.75 crore (26.67 per cent) in the transport and communication sector, reports BSS.

The approval came from the meeting of the National Economic Council (NEC) with its Chairperson and Prime Minister Sheikh Hasina in the chair at the NEC Conference Room in the city's Sher-e-Bangla Nagar area.

Of the total ADP outlay of Tk 2,65,000 crore, Tk 1,65,000 crore will come from the local sources and Tk 1 lakh crore from foreign sources.

The original ADP size for the outgoing fiscal year (FY24) was Tk 2.63 lakh crore.

Apart from the original ADP outlay of Tk 2,65,000 crore, the NEC meeting also approved an allocation of Tk 13,288.91 crore for the autonomous bodies and corporations as their ADP for the next fiscal year (FY25).

Out of the amount, Tk 11,698.96 crore will come from local sources, while Tk 1,589.95 crore will come from foreign sources.

Considering the allocation against the autonomous bodies and corporations, the overall ADP size reached Tk 2,78,288.91 crore for the next fiscal year.

The fresh ADP features 1,321 projects, including 1,133 investment projects, 21 feasibility projects, 87 technical assistance projects, and some 80 projects, to be implemented by the autonomous bodies and corporations.

The new ADP includes some 1,225 fresh projects, 80 of those are PPP projects and 300 projects to be implemented from the climate change trust fund.

Considering some 22 more projects that are nearing completion, a record number of 356 projects would be completed by June 30 of this fiscal year.

The highest allocated 10 sectors in the ADP for next fiscal year (FY25) are: Transport and Communication Sector with an allocation of Tk 70,687.75 crore (26.67 per cent), Power and energy sector with Tk 40,751.86 crore (15.38 per cent), Education sector with Tk 31,528.60 crore (11.36 per cent), Housing and Community Facilities Sector with Tk 24,868.03 crore (9.38 per cent), Health Sector with Tk 20,682.88 crore (7.80 per cent), Local government and rural development sector with Tk 17,986.21 crore (6.79 per cent), Agriculture Sector with Tk 13,219.59 crore (4.99 per cent), Environment, climate change and water resources sector with Tk 11,089.43 crore (4.18 per cent), Industry and Economic services sector with Tk 6,492.18 crore (2.45 per cent), and Science and ICT Sector with Tk 4,786.92 crore (1.25 per cent).

These 10 sectors witnessed an allocation of Tk 2,42,093.45 crore, which is 90.25 per cent of the overall allocation.

On the other hand, the highest allocated 10 ministries and Divisions are: Local Government Division with Tk 38,808.88 crore (15 per cent), Road Transport and Highways Division with Tk 32,042.43 crore (12.39 per cent), Power Division with Tk 29,176.70 crore (11.28 per cent), Primary and Mass Education with Tk 16,135.52 crore (6.24 per cent), Health Services Division with Tk 13,741.33 crore (5.31 per cent), Ministry of Railways with Tk 13,725.64 crore (5.31 per cent), Ministry of Science and Technology with Tk 12,886.70 crore (4.98 per cent), Secondary and Higher Education Division with Tk 11,387.69 crore (4.40 per cent), Ministry of Shipping with Tk 10,373.45 crore (4.01 per cent) and Ministry of Water Resources with Tk 8,687.09 crore (3.36 per cent).

These 10 highest allocated ministries and divisions witnessed an overall allocation of Tk 1,86,965.43 crore or 71.88 per cent of the overall ADP allocation against ministries and divisions.