The Annual Development Program (ADP) has been revised, with its allocation reduced by Tk18 billion. Following ministries' challenges in utilizing their allocated funds, the revised ADP now stands at Tk245 billion, down from the original allocation of Tk263 billion.

This revision was approved during a National Economic Council (NEC) meeting chaired by Prime Minister Sheikh Hasina at the NEC Conference Room in Sher-e-Bangla Nagar, Dhaka, on Tuesday.

According to Planning Commission sources, some ministries struggled to spend their allocated funds within the designated timeframe, leading to this reduction.

In terms of sector-wise allocation, the revised ADP designates 25.82% of the budget to the transport and communication sector, totaling Tk63,263.31 crore. The power sector follows closely, receiving the second-highest allocation at 15.47%, equivalent to Tk37,896 crore.

Furthermore, the self-financed portion of the revised ADP for the fiscal year 2023-24 has decreased by Tk7.5 billion, dropping from Tk169 billion to Tk161.5 billion.

Additionally, the allocation from foreign aid has been reduced by Tk10.5 billion, resulting in a total foreign aid allocation of Tk83.5 billion in the revised ADP.