Photo: Collected
In the proposed Annual Development Programme (ADP) the government has approved a Tk2.65 lakh crore for the upcoming fiscal year 2024-25, with most priority once again being given to transport infrastructure projects.
The ADP was approved on Thursday (16 May) at the National Economic Council (NEC) meeting chaired by Prime Minister Sheikh Hasina.
Planning Minister Major General (retd) Abdus Salam confirmed this marks an 8.16% increase compared to the ADP of FY24.
In the proposed ADP, the allocation from the government fund has been estimated at 62.3% of the total allocation, and foreign financing at 37.7%.
This contrasts with the figures of 64.3% and 35.7% in the ADP of FY24, respectively.
The allocation of government funds in the proposed ADP has decreased by Tk4,000 crore or 2.37% compared to the current fiscal year's ADP.
However, when compared to the current fiscal year's revised ADP, the allocation of government funds has increased by 2.17%.
Meanwhile, the amount of foreign aid in the proposed ADP has increased by 6.38% and 19.76% compared to the current fiscal year's ADP and revised ADP.
According to Planning Commission sources, the demand of the ministries and departments for government funds for the next financial year was Tk185,391 crore and the demand of foreign loans and grants was Tk91,011 crore.
However, the government has decided on the allocation while considering the economic situation of the country. Presently, the country's economic situation prioritises foreign financing over government funds due to various reasons, including revenue collection, inflation, and the dollar crisis.
Messenger/Mumu
