The National Economic Council (NEC) has approved a Tk 2.076 trillion revised Annual Development Programme (RADP) for the current fiscal year (FY22), prioritising the transport and communication sector.
The NEC approved the revised ADP during a meeting of the NEC on Wednesday, reports BSS.
NEC Chairperson and Prime Minister Sheikh Hasina presided over the meeting virtually from Ganobhaban while ministers, state ministers and secretaries concerned attended the meeting from the NEC Conference Room in the city's Sher-e-Bangla Nagar area and also from the Cabinet Division conference room at Bangladesh Secretariat.
Planning Minister MA Mannan briefed the reporters after the meeting. State Minister for Planning Dr Shamsul Alam, Planning Commission members and secretaries concerned were present at the briefing.
Planning Division Secretary Pradeep Ranjan Chakrabarty said the RADP witnessed a Tk 177.74 billion cut (7.89 per cent of original ADP allocation) from the original ADP outlay of Tk 2.25 trillion.
The funding from foreign sources experienced the entire cut of Tk 177.74 billion to stand at Tk 702.50 billion while the funding from the local sources increased slightly to stand at Tk 1.37 trillion.
However, considering the RADP allocation of Tk 96.14 billion for the autonomous bodies and corporations, the overall RADP allocation for the current fiscal year (FY22) stood at Tk 2.17 trillion.
The RADP size of the current fiscal year became Tk 99.07 billion or 5.01 per cent higher than the RADP size of Tk 1.98 trillion in the last fiscal year (FY21).
Planning Minister Mannan said the day's RADP meeting highlighted six areas of the country's economy.
The areas are attaining nearly seven per cent GDP growth in the last fiscal year, good performances of the agricultural sector, containing the general point to point inflation rate under control through ensuring the supply chain and sound management, handling the Covid-19 situation nicely compared to other countries of the world even the developed countries, maintaining the export market and the labour market and also about the government's step to roll out the universal pension scheme.