NEC approves tk 2,07,550cr RADP for fiscal year 22

The National Economic Council (NEC) today approved a Taka 2,07,550 crore Revised Annual Development Programme (RADP) for the current fiscal year (FY22) where transport and communication sector continued to enjoy the highest priority.

"The NEC approved a Taka 2,07,550 crore RADP for the currentfiscal year," said Planning Minister MA Mannan while briefing reporters after the meeting.

NEC Chairperson and Prime Minister Sheikh Hasina presided over themeeting virtually from her official Ganobhaban residence 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.

State Minister for Planning Dr Shamsul Alam, Planning Commission members and secretaries concerned were present at the briefing.

Planning Division Secretary Prodeep Ranjan Chakrabarty said the RADP witnessed a Taka 17,774.14 crore cut (7.89 percent of original ADP allocation) from the original ADP outlay of Taka 2,25,324.14 crore.

The funding from foreign sources experienced the entire cut of Taka 17,774.23 crore to stand at Taka 70,250 crore while the funding from the local sources increased slightly to stand at Taka 1,37,300 crore.

However, considering the RADP allocation of Taka 9,613.68 crorefor the autonomous bodies and corporations, the overall RADP allocation for the current fiscal year (FY22) stood at Taka 2,17,163.68 crore.

The RADP size of the current fiscal year became Taka 9,907crore or 5.01 percent higher than the RADP size of Taka 1,97,643 crore in thelast fiscal year (FY21).

Planning Minister Mannan said the day's RADP meeting highlighted six strong areas of the country's economy which are attaining nearly seven percent 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.

Source: BSS

AH