NEC Approves Tk2,07,550cr RADP

The National Economic Council (NEC) has approved the revised annual development programme (RADP) of Tk 2,07,550 crore for the Fiscal Year 2021-22, reports media.

Planning Minister MA Mannan confirmed the matter during a press conference following a meeting with NEC on Wednesday.

Transportation and power sectors received the highest allocation in the RADP. The transport sector got the highest Tk 55,827.36 crore and power sector Tk 39,214.09 crore, while the overall ADP allocation was Tk 2,25,324 crore for 2021-22 fiscal year, a senior official of the Planning Ministry told The Business Post.

“The commission has trimmed Tk 17,774 crore in foreign funds from the overall allocation of RADP, which is 7.87 percent less from the original figure,” he added.

The government will fund Tk 1,37,300 crore, while Tk 70,250 crore will be covered by foreign funds, according to the RAPD.

As the funds will be allocated to some important ministries, the government decided not to reduce local funding.

According to the RADP, the education sector got Tk 20,824.46 crore, health sector 13,797 crore, physical planning, water supply, and housing sector Tk 23,595.51 crore, and local government and rural development got Tk 15,520.29 crore allocation for the current fiscal year.