Note on Fiscal Plan

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Fiscal planning in Nepal

The first five-year plan named Papatileka was implemented by USSR in 1928 A.D. setting record in the world history. The then Rana Prime Minister Juddha Shamsher, of Nepal, had announced 20 years paper plan which was unimplemented. So, at last, planning commission was established on Poush 20, 2013 B.S. which introduced the first five-year plan (2013-2018) in Nepal.

Fiscal plan

Year(A.D)

Chief objective

First five-year plan

1955-1961

a ) to provide an opportunity for all people to raise their living standard.

b) to increase production and increase employment opportunities.

c) to conduct development programs by establishing organizations.

d) to do necessary economic survey and planning in future by creating a foundation.

The expenditure of the plan was estimated about 33 crore, but only 21 crore and 44 lakhs was spent. 2.2 crore from the internal sources and 19 crore 24 lakhs from the external sources were spent during that period. Top priority was given to transport and communication, second to agriculture and rural development and third to electricity and irrigation by the plan.

Fiscal plan

Year(A.D)

Chief objective

Second three-year plan

1992-1995

a ) economic development.

b) Economic stability

c) to create employment opportunities.

d) equal distribution of production.

It was estimated that the plan would spend 60 crore, but only 59 crore and 68 lakhs and thirteen thousand was spent. Transport, communication, and electricity were given first priority and industry and tourism second and third priority was given to social service by the plan.

Fiscal plan

Year (A.D)

Chief objective

Third five year plan

1965-1970

a to increase foods production. b) to improve the agricultural sector. c) to develop infrastructure, industrial and foreign trade. d) to eradicate social inequality.

It was estimated that the plan would spent about 2 araba 50 crore but only one araba and 77 crore 65 thousand rupees was spent. The plan had given first priority to transport, communication, electricity, second to agriculture and rural development and third priority was given to industries and mines.

  • There are ten fiscal planning in Nepal.
  • In first five year plan top priority was given to transport and communication, second to agriculture and rural development and third to electricity and irrigation by the plan.
  • In second three year plan top priority was given to transport, communication, and electricity.
  • Third five year plan had given first priority to transport, communication, electricity, second to agriculture and rural development and third priority was given to industries and mines.
  • Transport and communication was given first priority , industry, commerce and mine was given second priority and agriculture was provided with third priority by the fourth plan.
  • Transport and communication was given first priority by fifth five year plan.
  • The first priority was given to agriculture, irrigation, and forest by sixth plan.
  • The seventh five year plan had given first priority in the sectors of agriculture, irrigation and forest.
.

Very Short Questions

The chief objective of first five-year plan were:

a )To provide an opportunity for all people to raise their living standard.
b) To increase production and increase employment opportunities.
c) To conduct development programs by establishing organizations.
d) To do necessary economic survey and planning in future by creating the foundation.

The chief objective third five-year plan were:

a) To increase foods production.
b) To improve anagricultural sector.
c) To develop infrastructure, industrial and foreign trade.
d) To eradicate social inequality.

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  • The first five year plan named Papatileka was implemented by USSR in ______.

    1828 A.D.


    1829 A.D.


    1982 A.D.


    1928 A.D.


  • Which one of them is not the chief objective of first five year plan?

    To provide opportunity for all people to raise their living standard
    To decrease production and increase employment opportunities.
    To do necessary economic survey and planning in future by creating foundation.
    To conduct development programs by establishing organizations.
  • The expenditure of the first five year plan was estimated about

    3 crore
    83 crore
    66 crore
    33 crore
  • Which one of them is not the chief objective of second five year plan?

    Economic instability
    Creating employment opportunities
    Equal distribution of production
    Economic development
  • The systematic fiscal plan started in Nepal in ______.

    2023 B.S.


    2002 B.S.


    2013 B.S.


    1998 B.S.


  • Which one of them was not a major vision of three year fiscal plan?

    Raising the living standard of Nepalese people decreasing the poverty at minimum level through various activities based on economic growth.
    Ensuring equal opportunities to all the Nepalese people in all sectors.
    Changing Nepal from a well developed country into a developing nation within 20 years.
    Developing Nepal in the state of prosperous modern Nepal.
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Bhakta

What is saving?What is cooperative?how it came into existence?


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