Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]

NPC And Periodic Plan

  1 min 38 sec to read

The National Planning Commission (NPC) has now endorsed the approach paper of the Three- Year (2013-16) plan with revenue and expenditure projections of the Central and State governments. 

Designed with an objective of upgrading Nepal within 2022 to a developing country from the current status of least developed country, the approach paper aims to attain an average 6 percent economic growth annually over the period. However, calculations show that the country needs to achieve average 7 percent growth to attain the target of becoming a developing country within 2022. 

The proposed plan also aims to decrease the poverty rate to 18 percent from the current 23.8 percent. 

The government expenditure projected is about Rs 1.4 trillion in the next three years, of which Rs 11 billion will be mobilized as state revenue generated within the country. The rest will be arranged from foreign aid and internal loans. 

How realistic are the targets?In the recent years, NPC has been often criticized for being only mouth-piece of political parties rather than engaging in the rigorous analysis of country’s economic situation. 

Instead of formulating down-to-earth plan, the commission seems to tend to agenda of the political parties which are in power. 

According to its mandate, NPC is the advisory body for formulating development plans and policies in the country and it should explore and allocate resources for economic development and work as a central agency for monitoring and evaluation of development plans, policies and programmes. 

However, influence from powerful politicians, nepotism and favouritism while formulating plan and ignorance to the grassroots problems are often attributed as a weakness of the commission. Unrealistic targets often suffer from aforementioned weaknesses. The commission leadership should be serious to avoid such weaknesses. Otherwise, its plan will be nothing more than a day dream.

 

 

 

 

Deprecated (16384): Using key `action` is deprecated, use `url` directly instead. [CORE/Cake/View/Helper/FormHelper.php, line 383]
No comments yet. Be the first one to comment.