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The government is likely to approve a Tk 2.07-trillion revised annual development programme (RADP) for the current fiscal year (FY) tomorrow (Wednesday), trimming down 7.89 per cent fund from the original outlay, officials said on Monday.
The National Economic Council (NEC) will sit tomorrow to approve the RADP for the FY 2021-22. Prime Minister Sheikh Hasina will preside over the meeting, to be held at the Planning Commission (PC) in the city.
The officials concerned said they would place the draft RADP at the NEC meeting for getting approval.
The original size of the current ADP is Tk 2.25 trillion.
The PC has finalised the draft RADP without changing Tk 1.37 trillion allocations from the government’s internal resources, while it has allocated Tk 702.50 billion as project assistance (PA) from the external sources.
The commission cut the PA by Tk 174.74 billion to Tk 702.50 billion in the proposed revised development budget, the officials also said.
Meanwhile, the NEC might also reduce the outlay for autonomous and semi-autonomous public bodies to Tk 96 billion from the current outlay of Tk 114.69 billion.
Over the last few years, the government has been including the allocation of autonomous and semi-autonomous public agencies in the ADP, as they implement projects with their own income. “Since many government ministries and agencies have failed to execute the projects in time during the first half of the current fiscal, they are forced to cut the overall ADP outlay in the RADP,” said a senior PC official.
All the ministries and agencies implemented 30.21 per cent of the ADP during the first seven months (from July 2021 to January 2022) of the FY 2022, official statistics showed. The poor performance, especially in case of the foreign-funded projects, forced the government to trim down the ADP to Tk 2.07 trillion, he added. The Implementation Monitoring and Evaluation Division (IMED) data show that the public agencies spent 28.75 per cent from their Tk 880.24-billion PA outlay in the current ADP during the July-January period.
However, they spent more than 31.27 per cent of the Tk 1.37-trillion government allocations in the current ADP.
“We have already drafted the RADP for the current fiscal. It will be placed before the NEC meeting on Wednesday for getting approval,” PC Additional Secretary Md Sayeduzzaman told the FE.
According to the PC, the transport and communications sector is going to get the highest Tk 558 billion outlay in the RADP, followed by the power and energy sector some Tk 400 billion, and the housing and public works sector nearly Tk 235 billion.
In the last FY, the PC finalised the RADP, trimming down the allocations by Tk 75 billion to Tk 1.97 trillion from Tk 2.05 trillion. In the previous FY, the government revised the ADP outlay to Tk 1.93 trillion from that of Tk 2.02 trillion.
(FE)
