NEC approves Tk 2,07,550c

Staff Reporter 135 Time View :
Update : Wednesday, March 2, 2022

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 current fiscal year,” said Planning Minister MA Mannan while briefing reporters after  the meeting.

NEC Chairperson and Prime Minister Sheikh Hasina presided over the meeting 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 crore for 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 the last 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.

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