Finance Ministry has asked all ministries, divisions and departments to send information regarding project assistance allocation requirements of foreign aided ongoing and sanctioned new projects with a view to formulating Revised Annual Development Program (RADP) for fiscal year 2024-2025.
It also asked to send information about upcoming ADP projection for fiscal year 2025-2026, 2026-2027.
The ministry in a letter said that it has taken up the move for the Revised Annual Development Program (RADP) for the financial year 2024-2015 and the ADP projection for the financial year 2025-2026, 2026-27.
It mentioned that the Project assistance allocation will be determined in RADP for FY 2024-2025 based on expenditure/implementation progress of all concerned Ministries/Departments/Recent Foreign Aided Projects from July, 2024 to October,2024.
For this purpose, the Finance Ministry requested to send the hard copy of the allocation demand of all foreign aided projects (ongoing and approved new projects) on an urgent basis.
For sending the information, it asked to follow the Allocation demand should be forwarded in line with remaining availability with financial implementation progress/accrual expenditure etc.
Division of revenue/capital and DPA/RPA of project support portion of project expenditure as per DPP/TAPP as per requirement.
And dispatch the allotment demand taking into account the remaining availability of the respective divisions;
It said that no new project allocation shall be incorporated without administrative approval;
The Finance Ministry asked to put special caution and rationale to be adopted while sending the projections for the financial years 2025-2026 and 2026-2027.
In case of extension of any project period or increase in project cost, copy of the concerned GO should be sent, the Finance Ministry said.
The Awami League government had approved the Annual Development Programme (ADP) for the fiscal year of 2024-2025 with an outlay of Tk 265,000 crores.
The transport and communication sector got the highest allocation of Tk 70, 687.75 crore (26. 67%) in the ADP.
Besides, it approved some Tk 13,288.91-crore ADP of the autonomous bodies or corporations.
Among the Tk 265,000 crores, Tk 165,000 crore will be financed from domestic sources, while the rest Tk 100,000 crore from foreign sources.
In the ADP, the total number of projects is 1,321 including 1,133 investment projects, 21 survey projects, 87 technical assistance projects and 80 projects from the autonomous bodies and corporations.
Out of the Tk 13,288.91-crore ADP of the autonomous bodies or corporations, Tk 11,698.96 crore will be mobilized from internal resources, while the remaining Tk 1,589.95 crore from foreign sources.
So, with the Tk 13,288.91 crore ADP for autonomous bodies or corporations, the total size of ADP for 2024-2025 stands at Tk 278,288.91 crore.
Among the top 10 sectors in terms of allocation, the power and energy sector received the 2nd highest allocation of around Tk 40,752 crore (15.38pc) followed by education sector with Tk 31,529 crore (11.36pc), housing community facilities with Tk 24,868 crore (9.38pc), health sector with Tk 20,683 crore (7.80pc), local government and rural development with Tk 17,986 crore (6.79pc), agriculture sector with Tk 13,220 crore (4.99pc), environment, climate change and water resources with Tk 11,089 crore (4.18pc), industry and economic services with Tk 6,492 crore (2.45pc) and science and information technology sector with Tk 4,786 crore (1.25pc).
The total allocation against the top 10 sectors is some Tk 242,093 crore (90.25pc of the total ADP).
According to the new ADP for FY25, the top 10 ministries and divisions by allocation are Local Government Division with some Tk 38,809 crore (15pc of allocation), Road Transport and Highways Division with Tk 32,042 crore (12.39pc), Power Division with Tk 29,177 crore (11.28pc), Primary and Mass Education Ministry with Tk 16,136 crore (6.24pc), Health Services Division with Tk 13,741 crore (5.31pc ), Railways Ministry with Tk 13,726 crore (5.31pc), Science and Technology Ministry with Tk 12,887 crore (4.98pc), Secondary and Higher Education Division with Tk 11,388 crore (4.40pc), Shipping Ministry with Tk 10,373 crore (4.01pc) and Water Resources Ministry with Tk 8, 687 crore (3.36pc).
The total allocation against the 10 ministries or divisions is around Tk 186,965 crore, which is some 72 percent of the overall ADP outlay.