Five-Year Plan


Also found in: Financial, Acronyms, Encyclopedia, Wikipedia.

Five-Year Plan

n
(Economics) (formerly in socialist economies) a government plan for economic development over a period of five years
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
References in periodicals archive ?
The ministry's Joint Chief Economist for Macroeconomic Section Rai Nasir Ali made a claim that the provinces were also bound to follow the 12th five-year plan an assertion that is contrary to the ground realities.
The governor added that active work is being carried out on the implementation of investment projects of the second five-year plan for the Industrialization Map implementation, which includes 24 projects for 326.5 billion tenge with the creation of 5,000 jobs.
"Every community has a five-year plan, but after about the second year, they seem to lose momentum, or theres a change at the board level or the staff level and they implement a new five-year plan."
The meeting assigned achieving of targets set in the five-year plan to the concerned officials.
Talking about the target of 12th Five-Year Plan, the minister apprised that while formulating the plan an in-house stocktaking exercise to look into the existing resources, challenges and window of opportunities is conducted regarding sectoral policies and its alignment with overall strategy of the government.
This was conveyed to a meeting on 12th five-year plan held here on Monday under the chairmanship of Minister for Planning, Development and Reform Khusro Bakhtyar.
The Second Five-Year Plan (1980-1985) of Bangladesh focused on poverty reduction through growth of income and employment.
On implementation of the ninth five-year plan (2016-2020), he said, 'We are in the third year of the ninth five-year plan and under this plan most of the planned executions are underway.
The current five-year plan has provisions for more national projects for the private sector to contribute, he said, adding that it is one of the goals of the current five-year plan.
And the PML-N's five-year plan had envisaged to raise savings to 21.3 percent of GDP.
The Planning Commission is in the process of finalising its 12th five-year plan (2019-23), the document which will be presented for approval at the next meeting of the National Economic Council.
CURRENTLY, the Planning Commission is in the process of finalising the 12th five-year plan, which according to the Deputy Chairman Planning Commission Sartaj Aziz envisages sustained growth, climate change challenges, clean energy, agricultural productivity, infrastructure development and industrial revival.