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Taka 1, 53,331cr ADP likely for FY18

DHAKA, May 11, 2017 (BSS)-The Annual Development Programme (ADP) for the upcoming fiscal year 2017-18 (FY18) is likely to be approved at a meeting of the National Economic Council (NEC) on May 14.

NEC Chairperson and Prime Minister Sheikh Hasina is expected to chair the meeting to be held at 10am at the NEC Conference Room at Sher-e-Bangla Nagar here, official said.

Planning Minister A H M Mustafa Kamal will brief journalists after the meeting.

According to sources, the actual size of the ADP is expected to stand at Taka 1, 53,331 crore, up by 38 percent or Taka 42,000 crore from Taka 1,10,700 crore of the current fiscal year (FY17).

Of the Taka 1, 53,331 crore actual ADP, Taka 96,331 crore will come from the national exchequer while the remaining Taka 57,000 crore is expected to come from project assistance.

The government is likely to keep Taka 10,000 crore for the development expenditure of corporation and autonomous bodies for the FY18 and with this allocation the size of the overall ADP will stand at Taka 1,63,331 crore.

In the new ADP, transport, education, power, rural development, health, and water sectors are expected to get the highest priority.