Published by: Nuru
Published date: 09 Dec 2021
In this chapter, we discuss about the Fiscal Plan in Nepal . Grade 8 Social Studies, Reference Notes.
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.