Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: The National Planning Commission, led by Prime Minister Pushpa Kamal Dahal has presented the concept paper of the 16th periodic plan, outlining twelve transformative areas. The plan aims to strengthen collective economic bases, boost production and productivity, create inclusive employment opportunities, and improve human capital and manpower planning.
In addition to these core areas, the plan also emphasizes the development of a quality and accessible health system, efficient infrastructure, and organized urbanization. Social empowerment, inclusion, and social security have also been identified as critical components of the 16th plan’s structural transformation.
Furthermore, the commission aims to address key challenges in areas like curbing unwanted and informal transactions, enhancing allocation efficiency and capital expenditure capacity, environmental protection, biodiversity conservation, and disaster management.
Sustainable development, promotion of good governance, and effective public service delivery are also pivotal aspects of the envisioned plan.
Based on the principles of ‘good governance, social justice, and prosperity,’ the 16th plan seeks to improve governance in political, administrative, and judicial domains, establish social justice in vital sectors such as health, education, employment, and housing, and drive prosperity in social life, economic development, and the national economy.
PM Dahal has directed the inclusion of a concise review of periodic plans implemented since 2013 in the complete plan document. He emphasized the need for a realistic and participatory policy and budget formulation process based on the 16th plan.
The 15th plan’s objectives of fostering a production-oriented, employment-driven, and self-reliant economy were hindered by the impacts of the Covid-19 pandemic, untimely disasters, and international events, as per the commission’s analysis.
The 16th Plan is poised to chart a new course for the country’s economy, ensuring that set targets are achievable and understandable to all stakeholders.
To accomplish its goals of good governance, social justice, and prosperity, the plan will address structural obstacles and forge stronger partnerships between various levels of government, private sector, cooperatives, NGOs, development partners, and other stakeholders. The overall strategy rests on strengthening capacities and evidence-based policymaking and development.
The National Planning Commission aims to approve and publish the complete 16th plan documents by January 2080, guiding the formulation of policies, programs, and budgets for the next fiscal year in line with the plan’s vision.
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