The National Economic Council (NEC) on Thursday 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. 67pc of allocation) in the ADP.

Besides, the NEC approved some Tk 13,288.91-crore ADP of the autonomous bodies or corporations.

The approval came from the NEC meeting presided over by NEC Chairperson and Prime Minister Sheikh Hasina at the NEC Conference room in the city's Sher-e Bangla Nagar area.

Planning Minister Abdus Salam, State Minister for Planning Shahiduzzaman Sarker and Planning Division Senior Secretary Satyajit Karmaker briefed reporters after the meeting.

“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,” said Satyajit Karmaker at the press briefing.

In the new 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, he said.

Like the previous years, the conditions of the country’s resources and macroeconomic conditions, and foreign financing were considered during designing the ADP for 2024-2025 FY, said the planning secretary.

In terms of allocation, priority has been given to projects related to agriculture and agro-based industries to maintain food security, power sector, labour efficiency and poverty reduction amid the current global economic context, he added.

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, said the secretary.

So, with the 13,288.91 crore ADP for autonomous bodies or corporations, the total size of ADP for 2024-2025 has stood at Tk 278,288.91 crore, he said.

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 highest 10 allocation recipient ministries and divisions 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.