Wednesday, 27 Sep, 2023


Tk 2.63 lakh crore ADP allocated in budget FY24

News Desk |
Update: 2023-06-01 17:48:42
Tk 2.63 lakh crore ADP allocated in budget FY24

The size of the Annual Development Programme (ADP) for the next fiscal year (2023-2024) has been finalized at Tk 2.63 lakh crore with the highest allocation of Taka 75,945 crore (28.88pc of allocation) in the transport and communication sector.

Finance Minister AHM Mustafa Kamal mentioned the original ADP size in his budget speech at Jatiya Sangsad today while placing the proposed budget for FY24.

Earlier, the ADP for the next fiscal year was approved at a meeting of the National Economic Council (NEC) last month.

Out of the original ADP allocation of Taka 2,63,000 crore, Taka 1,69,000 crore will come from the local sources while Taka 94,000 crore will come from the foreign sources.

Considering an allocation of Taka 11,674.02 crore for autonomous bodies and corporations, the overall ADP size reached to Taka 2,74,674.02 crore. The 
overall ADP size also includes an allocation of Taka 8086.82 crore as allocation in development assistance sector. 

Out of the overall ADP allocation of Taka 2,74,674.02 crore, Taka 1,79,895.09 crore will come from the local sources while Taka 94,778.93 crore will come  from the foreign sources.

The total number of projects in the new ADP totaled 1,309 including 1,118  investment projects, 22 survey projects, 80 technical assistance projects and  89 projects from the autonomous bodies and corporations.

Considering the highest 10 sector-wise allocation, the power and energy  sector received the second highest allocation of around Taka 44,393 crore  (16.88pc) followed by education sector with Taka 29,889 crore (11.36pc),  housing community facilities with Taka 27,046 crore (10.2pc), health sector  with Taka 18,880 crore (7.18pc), local government and rural development with  Taka 16,204 crore (6.16pc), agriculture sector with Taka 10,707 crore  (4.07pc), environment, climate change and water resources with Taka 8,995  crore (3.42pc), industry and economic services with Taka 5,362 crore (2.04pc)  and science and information technology sector with Taka 5,321 crore (2.02pc).

According to the new ADP for FY24, the highest 10 allocation recipient  ministries and divisions are Local Government Division with Taka 40,503 crore  (15.40pc of allocation), Road Transport and Highways Division with Taka  34,062 crore (12.95pc), Power Division with Taka 33,775 crore (12.84pc),  Railways Ministry with Taka 14,960 crore (5.69pc), Secondary and Higher  Education Division with Taka 14,086 crore (5.36pc), Science and Technology  Ministry with Taka 12,980 crore (4.94pc), Health Services Division with Taka  12,209 crore (4.64pc), Ministry of Primary and Mass Education with Taka  12,018 crore (4.57pc), Ministry of Shipping with Taka 9,474 crore (3.60pc)  and Bridges Division with Taka 9,064 crore (3.45pc).

Out of the highest allocation recipient 10 projects in the new ADP, the  Rooppur Nuclear Power Plant Project received an allocation of Taka 9,707  crore followed by Matarbari 2x600 MW Ultra Super Critical Coal Fired Power  Project, first revised with Taka 9,081 crore, fourth Primary Education  Development Programme (PEDP-4), first revised with Taka 8,586 crore, Dhaka- Ashulia Elevated Expressway Construction, first revised with Taka 5,870  crore, the Padma Bridge Rail Link, first revised project with Taka 5,500  crore, Hazrat Shahjalal International Airport Expansion, first phase, first  revised with Taka 5,499 crore, Physical Feasibility Development (PFD), first  revised with Taka 4,696 crore, Dhaka Mass Rapid Transit Development Project  (Line-1) with Taka 3,911 crore, Bangabandhu Sheikh Mujib Railway Bridge  Construction project with Taka 3,778 crore and Dhaka Mass Rapid Transit  Development Project (Line-6), second revised with Taka 3,425 crore.

BDST: 1748 HRS, JUNE 01, 2023

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