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Finance Minister Presents the 12th Five Year Plan

Posted on :07 January 2019

The Finance Minister presented an overview of the 12 FYP, which starts from November 2018 to October 2023 in alignment with the term of the Government. The 12 FYP with the Objective “Just, Harmonious and Sustainable Society through enhanced Decentralization” is guided by the development philosophy of Gross National Happiness.

In  highlighting the priorities of the Plan, the Finance Minister also briefly presented on the 17 National Key Result Areas (NKRA), 11 Local Government Key Result Areas (LGKRA), Flagship Programs, Fiscal Projections  and Resource Allocation including capital grant allocation to local governments.

The House deliberated on the NKRA 1- Macro Economic Stability and NKRA 2- Economic Diversity and Productive Capacity and NAKRA 3- Eradicating Poverty and Reducing Inequality in detail. Importance of Road was highlighted in reducing inequality and poverty in the country. 

The House will continue deliberation on the 12 FYP tomorrow.

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