14th Periodic Plan (2073/74 – 2075/76)
S. No. |
Index/Goals |
Current Position |
Target |
1 |
Increasing yearly average economic development (%) |
0.77 |
7.20 |
2 |
Increasing yearly average agricultural sector (%) |
1.33 |
4.70 |
3 |
Increasing yearly average non-agricultural sector (%) |
0.63 |
8.40 |
4 |
Population below poverty line (%) |
21.60 |
17 |
5 |
Human development index |
0.54 |
0.57 |
6 |
Average life expectancy (%) |
71 |
72 |
7 |
Net student admission in primary level (%) |
37.70 |
45 |
8 |
Literacy in 15-24 years age group (%) |
88.60 |
91 |
9 |
Electricity production (MW) |
829 |
2,279 |
10 |
Population with internet access (%) |
46.4 |
65 |
Strategy
Challenges
Opportunities
History of Fiscal Planning
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 the foundation. |
The expenditure of the plan was estimated about 33 crores but only 21 crore and 44 lakhs was spent. 2.2 crore from the internal sources and 19 crores 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 crores 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 were 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 agricultural sector. c) to develop infrastructure, industrial and foreign trade. d) to eradicate social inequality. |
It was estimated that the plan would spend about 2 arabas 50 crores 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.
The chief objective of first five year plan were:
The chief objective third five year plan were:
ASK ANY QUESTION ON Fiscal plan
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sujan adhikari
factor that should be taken into consideration while devising an economic plan
Sep 03, 2017
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