An NPC official told myrepublica.com that the government will invest about Rs 1008.8 billion during the next three years beginning mid-July 2010. According to the investment plan that will soon be tabled to a meeting of National Development Council for final approval, private sector is estimated to invest over 64 percent of the total planned investment, while the remaining will come from the public sector. [break]
The size of national economy is estimated to reach Rs 1397.4 billion by the end of the three-year plan at producer price from Rs 1176.56 billion expected to reach by the end of current fiscal year. By the end of the period plan, total consumption is expected to reach Rs 1239.5 billion that will be 88.70 percent, while total investment will reach Rs 359.3 billion.
Similarly, the next three-year plan also targets to mobilize total revenue worth Rs 678 billion, which will be 17.4 percent of the gross domestic product (GDP). The plan also targets to raise government´s capital expenditure to 9.1 percent of the GDP from current 7.2 percent, while limiting internal loan to 2.1 percent of the GDP.
Of the major sectors of the economy, service sector is estimated to get the highest bulk of the investment. According to the final proposal, the service sector will absorb Rs 732.17 billion followed by industrial sector that will receive Rs 153 billion. Likewise, agriculture sector that contributes one-third of the GDP and is the largest employment generator has been earmarked Rs 133.5 billion.
Of the 15 sub-sectors of the national account, transport, storage and communication will receive the largest pie of Rs 223 billion while agriculture and forestry sector is allocated Rs 130 billion.
Through the three-year plan, the government has proposed to put extra efforts in employment generation, along with achieving broad-based economic growth. It has set a target of generating 200,000 jobs each year by identifying potential areas of employment and bringing timely change in education and training methodologies, according to the final proposal.
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