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Five-Year Plan |
Also found in: Encyclopedia, Wikipedia, Hutchinson | 0.03 sec. |
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Five-Year Plan n (Economics) (formerly in socialist economies) a government plan for economic development over a period of five years How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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In actual fact, as explained by an official, the Government has decided to go through two five-year plans to provide a smoother programme continuity--the prime aim being a vast modernisation of both the Greek armed forces and the defence industry. While most businesses have developed five-year plans, their budget horizons hover at 18 months or less. This was followed by the moderately successful second and third five-year plans, for 1981-85 and 1986-90, the fourth plan (1991-95), the fifth (1996-2000), the sixth (2001-2005) and the seventh (2006-2010). |
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