The government has revised the allocation for the Annual Development Programme (ADP) to Tk192,921 crore, a 4.83 percent lower than the original, due to slow implementation.
Earlier, Tk202,721 crore was allocated for implementing the ADP.
The National Economic Council (NEC) has approved the revised ADP on Thursday at the NEC conference room in Dhaka.
Planning minister MA Mannan presented the details about the revised ADP at a press briefing after the meeting.
According to the revised plan, The government will provide Tk130,921 crore from its own fund, the same as the original ADP, and Tk62,000 crore will be collected from the external sources which is Tk9,800 crore lower than the previous estimation.
Implementing agencies will spend TK8,277.56 crore for their projects.
The size of the revised ADP will be Tk201,198.56 crore including the cost of self-financed projects.
According to the revised plan, the transport sector will receive highest TK47,545.51 crore, around 24.65 percent of the total allocation, to improve the infrastructure.
Second highest Tk26,528.01 crore will be allocated to implement the projects of physical planning, water supply and housing sector. The power sector will be allocated Tk23,745.50 crore.
Total 17 sectors will be allocated Tk188,618.12 crore. Tk2,000 crore is a special allocation for five development sectors under the local government institutions and Tk421 crore for three development assistance schemes under the Chattogram Hill Tracts ministry.
The revised ADP will have 1,743 projects with allocation, of which 1,597 are investment projects and the remaining 145 are technical assistance projects. There are 22 projects enlisted to the revised ADP to implement under Public-Private Partnership (PPP) arrangement.
Prime Minister Sheikh Hasina has urged authorities concerned to work hard for implementing the annual development programme, said the planning minister.
Emphasising on developing skills, the premier proposed for training if necessary. She also urged officials concerned to work with honesty.
The minister also explained the decline of foreign aid in the amended annual development programme.
"Foreign aids have to be used following donors' conditions. They also have some bureaucratic complexities. Even donors permission have to be taken in case of purchasing anything. Moreover, they do not release whole amount at a time," he added.
"On the other hand, using government fund is comparatively easy. That is why ministries and divisions are much keen to use government fund," said the minister.