Govt approves revised ADP prioritising transport and communication

The National Economic Council (NEC) on Monday approved a Tk 2.16 trillion Revised Annual Development Programme (RADP) for the current fiscal year with the highest priority given to the transport and communication sector.

The approval came during a meeting at the NEC Conference Room in the city's Sher-e-Bangla Nagar, chaired by NEC Chairperson and Chief Adviser Prof Muhammad Yunus, as per a UNB report.

The original ADP outlay for FY25 was set at Tk 2.65 trillion. The revised allocation marks a reduction of Tk 490 billion - an 18.49 per cent decrease from the initial budget.

Of the approved RADP allocation, Tk 1.35 trillion will come from the government of Bangladesh's portion, while the remaining Tk 810 billion will be sourced from project loans or grants. Including an additional Tk 101.26 billion from the own funds of concerned organisations, the total RADP outlay stands at Tk 2.26 trillion.

Planning Adviser Dr Wahiduddin Mahmud briefed the reporters after the meeting.

He said that efforts would be made to accelerate the RADP implementation pace.

He noted that the chief adviser emphasised the importance of maintaining stability and expediting the implementation rate.

Dr Mahmud informed that the ADP implementation rate reached 21.52 per cent during the July-January period of FY25 - lower than the 30 per cent average seen in previous fiscal years.