Development budget of the government of Bangladesh is a result of a continuous process of

identifying new projects, review of project concept papers (PCPs), and vetting of the projects in
ministries and in the Executive Committee of the National Economic Council (ECNEC). Usually by
December, the Economic Relations Division (ERD) prepares aid memorandum, circulates it to the
ministries for their comments, and based on domestic resource projections by NATIONAL BOARD OF
REVENUE and the Internal Resources Division, the ERD revises the aid memorandum. The document
is then sent to the Cabinet for approval. Resource position for revenue expenditure and budget is
then estimated and the Programming Committee finalises eligible projects for inclusion the ANNUAL
DEVELOPMENT PROGRAMME (ADP). In fact, ADP is the development budget, which, like the revenue
budget requires approval of the parliament.