The government is listing some ‘game-changer’ projects – which are effective and will be sustainable in the long term – in the project basket with an aim to enhance economy.
National Planning Commission (NPC) – in the beginning of the fiscal year – had called on ministries, provincial governments and local bodies to provide a list of ‘game-changer’ projects. According to the NPC, they had submitted the lists of projects by mid-December. “The NPC had given strict criteria for the projects that could be selected by the concerned authorities and all have followed the given conditions while selecting projects.”
NPC had also strictly mentioned that the projects would have to individually contribute 0.5 to one percentage point to the country’s gross domestic product (GDP) and would have to have multi-dimensional benefit for the locals.
The NPC had also provided a six-point guideline for project selection process. The NPC is studying the various projects that it has received before selecting the most viable ones, which will be included in next fiscal year’s budget, and also in the 15th plan.
According to the NPC’s approach paper for the 15th five-year plan, the government will spend Rs 9,229 billion over next five years to achieve the ambitious target of above nine per cent annual growth. It has also set a target to achieve a minimum average economic growth of 9.4 per cent per annum in the next five years, though it states that the economy can grow up to 10.1 per cent per annum in the next five year period – fiscal years 2019-20 and 2023-24 – based on various scenarios.
National Planning Commission (NPC) – in the beginning of the fiscal year – had called on ministries, provincial governments and local bodies to provide a list of ‘game-changer’ projects. According to the NPC, they had submitted the lists of projects by mid-December. “The NPC had given strict criteria for the projects that could be selected by the concerned authorities and all have followed the given conditions while selecting projects.”
NPC had also strictly mentioned that the projects would have to individually contribute 0.5 to one percentage point to the country’s gross domestic product (GDP) and would have to have multi-dimensional benefit for the locals.
The NPC had also provided a six-point guideline for project selection process. The NPC is studying the various projects that it has received before selecting the most viable ones, which will be included in next fiscal year’s budget, and also in the 15th plan.
According to the NPC’s approach paper for the 15th five-year plan, the government will spend Rs 9,229 billion over next five years to achieve the ambitious target of above nine per cent annual growth. It has also set a target to achieve a minimum average economic growth of 9.4 per cent per annum in the next five years, though it states that the economy can grow up to 10.1 per cent per annum in the next five year period – fiscal years 2019-20 and 2023-24 – based on various scenarios.
No comments:
Post a Comment