Current one to be cut by Tk 50,000cr聽
The interim government is likely to project the annual development programme at Tk聽2,70,000 crore for the forthcoming 2025-26 financial year amid shortage of resources.
The FY26 ADP will be only Tk聽5,000 crore more than Tk聽2,65,000 crore initially projected by the ousted Awami League regime for the outgoing FY25, according to Finance Division officials.
However, the new ADP is likely to Tk聽55,000 crore more than the revised one in FY25.
The interim government that assumed power on August 8 is going to cut about Tk聽50,000 crore from the current ADP by suspending the politically motivated and non-viable projects to prevent wastage of fund.
Finance adviser Salehuddin Ahmed has already stated that they will announce an implementable budget breaking the tradition of ambitious one given by the immediate past government.
He also said that聽 fiscal policies under the new budget would reflect much needed synchronisation with the monetary policy of the Bangladesh Bank aiming at curbing inflation prevailing decade high in the past two years.
To protect the general people from the high inflation, the interim government will expand social safety net programme and also heath allocation, said the Finance Division officials referring to a December 2 meeting of the coordination council on macro-economy and resource management.
Chaired by the finance adviser, the committee decided to revise down the growth rate of gross domestic product to 5.2 per cent from earlier 6.8 per cent in the current FY25.
Besides, the meeting decided to make upward revision of inflation below 9 per cent in FY25 from 6.5 per cent.
Discussing the overall macroeconomic situation and resources, the committee expected that the GDP growth would be more than 6 per cent in FY26.
The Finance Division officials said that the finalisation of the new financial year GDP would be made in the next committee meeting likely to be held in April.
