Government Policy

7th Five yr plan to be implemented with internal resources: PM

SANGSAD BHABAN, Jan 25, 2017 (BSS) - The 7th Fifth Year Plan would be implemented mostly with internal resources while only 9.6 percent of total investment would come from foreign donors.

The prime minister said this in the Jatiya Sangsad today while replying to a question from independent lawmaker Rustam Ali Farajee during the PM's question- answer session as the House began with Speaker Shirin Sharmin Chowdhury in the chair.

Around Taka 31.9 trillion would be required for implementing the 7th Five Year Plan out of which Taka 28.8 trillion would be accumulated from internal resources while Taka 3.05 trillion would will come from foreign sources, she said.

Sheikh Hasina said some Taka 7.25 trillion equivalent to 22.7 percent of total investment would be utilized for the public sector development.

About 77.3 percent of total investment, required for 7th Five Year Plan, would come from internal sources while 9.6 percent would come from foreign resources.

Sheikh Hasina said the government has given importance to internal resources in the 7th Five Year Plan, which has the target of procuring the national revenue mostly from internal sources of the NBR.

She said steps are being taken for attracting foreign investment and emphasis was given to public private partnership (PPP) to procure internal resources.

Revenue income of NBR would increase by about 24 percent every year during the 7th Five Year Plan, she said.

Replying to a supplementary question, the prime minister said the bureaucracy is more sincere than ever to implement the development projects.

The government has taken all measures for monitoring the implementation of the development projects, ensuring transparency and preparing the mindset of the bureaucrats in this regard.

Responding to a question from Jatiya Party member Ziauddin Ahmed Bablu, the prime minister said her government is making all out efforts to establish a deep seaport in Chittagong and it would be constructed at a convenient time.

She also hoped that construction of the rail line from Chittagong to Cox' Bazar would begin very shortly as its feasibility study, land requisition and selection of financiers have already been completed.

Source: Bangladesh Sangbad Sangstha (BSS)