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Fiscal Plan

Subject: Social Studies and Population Education

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Overview

The first five year plan named Papatileka was implemented by USSR in 1928 A.D. setting record in the world history. This note provides a brief introduction on fiscal plan.
Fiscal Plan

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.

Things to remember
  • 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.
  • It includes every relationship which established among the people.
  • There can be more than one community in a society. Community smaller than society.
  • It is a network of social relationships which cannot see or touched.
  • common interests and common objectives are not necessary for society.
Videos for Fiscal Plan
NPC decides to implement three year plan
Questions and Answers

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.

The expenditure of the first five-year plan was estimated about 33 crore, but only 21 crore and 44 lakhs was spent.

The expenditure of the third five-year plan was estimated that the plan would spent about 2 arab 50 crore but only one arab and 77 crore 65 thousand rupees was spent.

Quiz

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