The amount of the revised annual development program (RADP) of the current fiscal year 2021-27 stands at Tk 2 lakh 25 thousand 122 crore 5 lakh. In the original budget, the size of the ADP was Tk 2 lakh 5 thousand crore. That is, the size of the ADP has decreased by 5 percent compared to the original budget, which is equal to Tk. In the past few years, data from the original ADP is usually reduced at the rate of 5 to 5 percent in the RADP, but this time the rate of reduction in changing circumstances is a little higher.
Sources in charge of the Planning Commission said that the proposal of the RADP will be finalized at an extended meeting of the Planning Commission on February 27. Planning Advisor Dr. will preside over the meeting. Wahiduddin Mahmud. The secretaries, members and senior officials of the Ministry of Planning will participate. The National Economic Council (NEC) will then approve the proposal, where the chief adviser will preside. Muhammad Yunus.
Reviewing the final RADP draft data created by the Commission has shown that ADP is usually implemented in three parts every year. In the case of RADP, the same rules have been reduced from three percent to the same rules. Of this, the autonomous organization and the corporation implementing their own money, the total amount of Tk. 121 crore 5 lakh. The government will then finance the projects with Tk 1 lakh crore from their funds. And for the projects that will be implemented with foreign loans or grants, Tk 1,000 crore has been allocated. In all, the total RADP size this year stands at Tk 2 lakh 25 thousand crore.
The transport and communication sector has received maximum allocation in the revised annual development program, which amounted to Tk. After that, the power and energy sector is with Tk. The third place is the education sector, where the allocation is Tk 25 thousand 5 crore. In addition, the highest allocation ministry is the local government department, for which the allocation has been allocated Tk. The allocation for the Department of Power is Tk 25 thousand 5 crore. The allocation of the Department of Road Transport and Highways is Tk 1,220 crore and the allocation for the Ministry of Primary and Mass Education is Tk 12 thousand 5 crore.
Other sectors that have priority in the revised development program allocation include Tk. Local government and rural development sector Tk. Environment, climate change and water resources are Tk. In the agricultural sector, Tk. 5 crore, the health sector is Tk. The allotment of Tk 8,8 crore in the industrial and economic services sectors and Tk. And the allocation of the Ministry of Science and Technology is Tk 12,220 crore for the ministry. The allocation of the Railway Ministry is Tk 1,222 crore. The allocation of water resources is Tk 1,220 crore, the allocation for the shipping is Tk. 5 crore, the allotment of the bridge department is Tk.
Planning Advisor Dr. Wahiduddin Mahmud said about the RADP, “The development budget is amended in March every year. We're trying to bring it forward. Our goal is to increase employment and benefit the people. This amendment has given more importance to the cost of human resource development sector than infrastructure. In addition, the importance of using foreign money has been emphasized than domestic financing. '
In the fiscal year 2021-27, the original ADP allocation was Tk 2 lakh 5 thousand 5 crore, which was reduced to Tk 25,222 crore in the amendment to Tk 2 lakh 8 thousand 12 crore. In the fiscal year 2022-27, the original allocation was Tk 2 lakh 5 thousand 5 crore, and the amendment reduced Tk.
According to ministry officials, the activities of development projects across the country were stalled due to changing circumstances. The interim government then reevested the ongoing projects and canceled some politically influenced projects, which has reduced development costs. At the same time, strict verification has been done before the approval of the new project and the approved project has been discouraged. For these reasons, the progress of implementation of the project has been relatively low. The rate of RADP decrease is even higher.
According to IMED data, the implementation rate of ADP in the seven months of the current fiscal year has been noticed at the lowest level in the last one decade. From July to January, the ADP has spent a total of Tk. The rate was 25.7 percent at the same time in the previous fiscal year. Analyzing data from the fiscal year to the current fiscal year to the present, it is seen that this is the lowest rate in implementing ADP. There was no such low rate during the Corona epidemic.
