Nepali interim plan to focus on development

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KATHMANDU, June 23 (Xinhua): The three-year interim plan to be implemented from the coming fiscal year aims to spend 587.7 billion Nepali rupees on development activities in Nepal, local newspaper The Kathmandu Post reported today.
The investment is expected to achieve an average 5.5 per cent economic growth and lower incidence of poverty by 7 percentage points to 24 per cent.
The plan also aims to increase per capita income by 3.3 per cent on annual average and set a target of limiting inflation to 5.6 per cent during the plan period.
According to a copy of draft concept paper of the plan, the plan also targets to achieve average annual growth of 3.6 per cent for the agriculture sector and 6.5 per cent for non-agriculture sector.
Of the total government's development expenditure, 87.68 per cent will be spent on non-agriculture sector. With an estimated expenditure of 26.07 per cent of the total, transportation and communication sector is expected to be the largest absorber of government investment.
The government's total expenditure, including recurrent expenditure, is estimated to remain 493.38 billion rupees during the plan period.