Chapter – 2 Prioritized areas:

 Transportation, telecommunications and electricity

ECONOMIc DEVELOPMENT PLANS  Social service
 Industry and tourism
 Agriculture, irrigation and forestry
Planned Development in Nepal:
 Originated from Russia in 1928 A.D (Papatilika) 3. Third Five year plan (2022 – 2027)B.S:
 Requires government intervention in various dimensions of national life  Total budget of Rs.250 crores
 Popular in the name of economic development plans or planned  Total expenditure was Rs.178 crores (71% of total)
development  To double the national income
 A set of actions that the government determined in advance to achieve
overall national development Objectives:
 Increase in agricultural production
The Economic Development Plans were as follows:-
 To develop industrial sector
 To fulfil the social needs
1. First Five year plan (2013 – 2018)B.S:
 Foreign trade diversification
 Total budget of Rs.33 crores
 Total expenditure was Rs.21 crores 44 lakh (65% of total)
Prioritized areas:
 Transportation, electricity and telecommunications
Objectives:
 Agriculture and Rural development
 Increase in production and employment
 Industry and minerals development
 To improve the standard of living of people
 Social service
 To establish public enterprises to carry out developmental programmes
 To conduct economic survey for building infrastructures for future plans
4. Fourth Five year plan (2027 – 2032)B.S:
Prioritized areas:
 Total budget of Rs.345 crores
 Transportation and telecommunications
 Total expenditure was Rs.331 crores and 55 lakhs (93% of total)
 Rural development
 20% economic growth rate at the rate of 4% annual
 Agriculture and forestry
 Industry, mines, tourism and health Objectives:
 To maximize production
2. Second Three year plan (2019 – 2022)B.S:
 To make economic base for continuous development
 Total budget of Rs.60 crores
 To create society without discrimination and exploitation
 Total expenditure was Rs.59 crores 68 lakh (699of total)
 Foreign trade expansion and diversification
Objectives:  To maintain economic stability through price control
 To increase in national production
Prioritized areas:
 To maintain economic stability
 Transportation and telecommunications
 To create just social system
 Agriculture, land reforms, irrigation, forestry and vegetation
 Other things same as first five year plan
 Industry, commerce, electricity and minerals development
 Panchayat, education, health and social service
5. Fifth Five year plan (2032 – 2037)B.S: 8. Eighth Five year plan (2049 – 2054)B.S:
 Total budget: Minimum of Rs.919.70crores and maximum of 1140.40  Total budget of Rs.170.3 Arab
crores
 Total expenditure was Rs.887.06 crores (77.79% of total) Objectives:
 Sustainable economic growth
Objectives:  Poverty alleviation
 To increase public utility through production  To maximize regional imbalance
 To utilize labour force optimally
 To maintain regional balance and integration Prioritized areas:
 Agriculture, energy and rural infrastructure development
Prioritized areas:  Employment and human resource development
 Transportation and telecommunications  Population control
 Agriculture, land reforms, irrigation, forestry and rehabilitation  Industrial development
 Labour force participation  Tourism promotion

6. Sixth Five year plan (2037 – 2042)B.S: 9. Ninth Five year plan (2054 – 2059)B.S:
 Total budget of Rs.33 Arab and 94 crores  Total budget of Rs.181.58 Arab
 Total expenditure was Rs.2209.5 crores (65.09% of total)
 The one and only plan that exceeded the target economic growth rate Objectives:
4.3% and secured 4.4%  Only objective was the poverty alleviation

Objectives: Prioritized areas:

 To increase the rate of production  Industrialization, tourism development and international trade
 To increase productive employment opportunities  Agriculture and forestry
 To fulfil the minimum basic needs of people  Water resource
 Human resource and social development
7. Seventh Five year plan (2042 – 2047)B.S:  Physical infrastructure
 Total budget of Rs.50 Arab and 41 crores
 Total expenditure was Rs.4834.55 crores (95.9% of total) 10. Tenth Five year plan (2059 – 2064)B.S:
 To double the national income  Total budget of Rs.483.53 Arab for 4.3% economic growth and Rs.640.76
Arab for 6.2% economic growth
Objectives:  Total expenditure was Rs.178 crores (71% of total)
 To increase the rate of production  To double the national income
 To fulfil the minimum basic needs of people
 Decentralization and environmental policy consideration Features:
The goals of sixth plan were of long term nature and hence it continued in 7 th  Poverty reduction strategy paper
plan too.  Sustainable development concept
 Conceptual framework
Prioritized areas:  Role diversification of diversification sectors (government, non
 Top priority was agriculture government, private and local agencies)
Strategies:
 High, sustainable and broad based economic growth b. Objectives: To realize change in People’s living standard through nationwide
 Social and rural infrastructure development alleviation of economic and human poverty.
 Target programmes
 Good governance c. Goals: To lower absolute poverty to 18%

11. Three year Interim plan (2064/65 – 2066/67)B.S: d. Strategy:

 Inclusive, broad based and sustainable economic growth.
4 Prioritized areas 6 Strategy  Physical infrastructure development
 Restructure, rehabilitation and  Relief, restructure and  Enhance excess use of quality in social service sectors
reintegration reintegration  Good governance
 Inclusiveness  Employment oriented and  Economic and social empowerment
 Investment increment in broad economic growth  Climate resilient programmes
physical infrastructure  Good governance and effective
 Human resource development service delivery e. Prioritized Areas:
 Investment in physical  Hydropower and energy development
infrastructures development  Agriculture, productivity diversification and professionalization
 Inclusive development  Development in basic education, health, drinking water and sanitation
 Targeted programmes  Good governance promotion
 Road and other physical infrastructure development
Objective Aim Sustainable  Tourism industry and trade development
Development  Environment and natural resource protection.
Unemployment, poverty To prepare foundations To build prosperous,
and inequality for socio-economic modern and just Nepal.
minimization transformation.
To build prosperous,
modern and just Nepal.

12. Three year plan (2067/68 – 2069/70)B.S:

Features:
 To institutionalize sustainable peace and realize change in people
through employment, equitable and inclusive economic growth.
 Estimated budget 10,237 millions
 To achieve economic growth rate of 5.5%
 To achieve 5.9% annual GDP
 To decrease inflation to 7%

13. Thirteenth Three year plan (2070/71 – 2071/72)B.S:

a. Vision: Graduate Nepal to developing countries from LDC by year 2022 A.D