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A development budget of 2 lakh 65 thousand crores is ready around the new financial year

Rtv news

  08 May 2024, 13:21
Photo: Collected

The Planning Commission has prepared the Annual Development Program (ADP) for the new financial year. The draft ADP was finalized in an extended meeting of the Planning Commission on Tuesday (May 7). It will be presented for approval at the National Economic Council (NEC) meeting soon.

According to the sources of the Planning Commission, the commission has finalized the development budget of 2 lakh 65 thousand crore for the financial year 2024-25. Out of this, a target of spending 1 lakh 65 thousand crores from government funds and 1 lakh crores from foreign loans has been set. Apart from this, autonomous institutions have their own funding of 13 thousand 286 crores 19 lakhs. In all, the size of the new ADP will be 2 lakh 78 thousand 286 crore 19 lakh taka.

It is known that the maximum allocation in the proposed ADP for the financial year 2024-25 is being given to the transport and communication sector. The amount of proposed allocation in this sector is 70 thousand 687 crore 76 lakh taka. However, the local government department will get the maximum allocation based on the ministry. There is an allocation of 38 thousand 808 crore 88 lakh taka.

The second highest allocation is then allocated to the power and energy sector; 40 thousand 751 crore 86 lakh taka. The education sector is getting the third highest allocation; 31 thousand 528 crore 60 lakh taka. Among other sectors, 24 thousand 868 crore 3 lakh taka is being allocated to housing and community facilities sector, 20 thousand 682 crore 88 lakh taka to health sector, 17 thousand 986 crore 21 lakh taka to local government and rural development and 13 thousand 219 crore to agriculture sector.

Besides, 6 thousand 492 crore 18 lakh taka for industry and economic services, 4 thousand 786 crore 92 lakh taka for science and information technology, 3 thousand 492 crore taka for religion-culture and entertainment, 3 thousand 304 crore taka for social security, 3 thousand 308 crore taka for public order and security. crores and 2 thousand 133 crores have been earmarked for allocation to the general public services sector.

There are 1 thousand 337 total projects with allocation in ADP of the next financial year. Out of this, 1,277 projects will be transferred from the revised ADP of the current financial year. Remaining 60 new projects.

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