Dhaka, Jan. 4 -- The government is set to approve a sharply downsized Revised Annual Development Programme (RADP) for the current fiscal year, with the National Economic Council (NEC) scheduled to give final approval at its meeting on Monday.

Officials at the Planning Commission said the revised ADP is expected to be reduced by around Tk 30,000 crore due to weak project implementation and mounting fiscal pressure, continuing the long-running trend of mid-year downward revisions to development spending.

According to Planning Ministry sources, the original ADP for the current fiscal year was set at Tk 2.30 lakh crore.

The revised outlay is now likely to be trimmed to around Tk 2.00 lakh crore.

Officials said ADP implementation during th...