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Ministry Of National Planning and Economic Development
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The Ministry of
National Planning and Economic Development was formed with seven organizations,
namely Planning Department, Directorate of Investment and Companies
Administration, Protect Appraisal and Progress Reporting Department, Foreign
Economic Relations Department, Central Statistical Organization, Central
Equipment Statistics and Inspection Department and National Archives
Department.
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The short - term
Four-Year Plan (1992-93 to 1995-96) was formulated and implemented Ottawa aims
of priority giving to promoting the agriculture sector which is the mainstay of
she economy; export promotion; increasing public savings and investment
promotion. the first and second years (1992-93 and 1993-94) of the short - term
Four Year Plan were designated as economic years and the third and fourth years
(1994-95 and 1995-96) as allround development years. Yearly targeted plans were
successfully implemented and achieved each year due to mobilization of
investment promotion and export promotion; creation of ways and means to
provide materials and inputs; effective coordination and supervision of central
as well as lower levels; active mass participation and peace and tranquility
throughout the country.
The short - term
Five Year Plan was drawn for 1996-97 to 2000-2001 to strengthen the pod
economic basis achieved from successful implementation of short-term Four-Year
plan and to develop the growth of sustainable "conomy gradually. The first vear
(1996-97) arid 11,c sccond \evil- (1997-98) Annual I)aII of tic short-term
Five-Year Plan were successfully implemented.
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The National Economic Situation
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With the
establishment of law and order and stability in the country, the Short-Term
Four- Year Plan (1992/93 to 1995/96) had been formulated and successfully
implemented up to 1995/96 annual plan targets, due to concerted and coordinated
efforts made at various stages of implementation, down to the grass-root level.
In the 1995/96 plan, the last year of the Short- term Four-Year Plan, the Gross
Domestic Product at 1985/86 constant prices was projected at K 66716 million,
while the performance was K 66742 million registering a growth rate of 6.9 per
cent over the previous year. Dur ing the Short-Term Four-Year Plan
Period, the
economy achieved an average annual growth rate of 7.5 per cent as against the
average targeted growth rate of 5.1 per cent, thereby creating favourable
conditions for further development.
This achievement
of economic growth rate was attributable to the successful implementation of
productive, services and trade sectors and expansion of investment and exports
year by year harmoniously. According to the Short- Four-Year Plan, the
productive sector was targeted to increase at an average annual growth rate of
5.4 per cent, services sectors at 3.7 per cent and trade sector at 5.1 per cent
respectively, while the perlormance in the productive sector increased at an
average annual growth rate of' 7.6 per cent, services sector at 8.3 per cent
and trade sector at 6.5 per sent respectively. The targeted average annual
growth rate of Gross Domestic Product and the per- curing tie Four-Year Plan
period are shown in the table below.
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| Sr .No |
Particulars |
1992-93 to 1995-96
Average annual growth rate
(Precentage) |
Original plan
target |
performance |
| 1 |
Goods |
5.4 |
7.6 |
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1. Agriculture |
5.6 |
7.3 |
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2. Livestock and Fishery |
6.2 |
4.6 |
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3. Forestry |
(-) 1.1 |
(-) 5.4 (-) 0.4 |
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4. Energy |
8.8 |
21.2 |
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5. Minerals |
8.8 |
21.2 |
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6. Processing and Manufact-uring |
6.3 |
9.1 |
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7. Power |
8.3 |
16.2 |
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8. Construction |
(-) 0.1 |
16.3 |
| 2 |
Services |
3.7 |
8.3 |
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1. Transportation |
4.7 |
8.9 |
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2. Communicat- ions |
18.4 |
19.7 |
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3. Financial |
6.5 |
33.4 |
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4. Social and Administrative services |
2.0 |
5.8 |
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5. Rentals and Other services |
2 3 |
4.3 |
| 3 |
Trade |
5.1 |
6.5 |
| 4 |
Gross Domestic Product |
5.1 |
7.5 |
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Short-Term Five-Year Plan (1996/97 to 2000/2001)
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A Short-Term
Five-Year Plan spanning from 1996/97 to 2000/2001 was formulated with the main
objectives of consolidating the gains achieved in the Four-Year Plan period and
laying down firm and stable foundations for the sustained growth of the
economy.
The salient macroeconomic indicators of the plan period are
(i)The Gross Domestic Product in real terms is projected to increase at a
minimum average annual rate of 6.0 per cent.
(ii) The per capita GDP is projected increase by an average annual rate of 4.1
per cent.
(iii) Total investment requirement during the plan period to achieve the
set targets, projected at K 419,599 million or an annual average of K 83,920
million.Of the total investment, the share of invest- ment by the private
sector 56.8 per cent.
(iv) Export is projected to increase by an annual average of 21.6 per cent to K
15,776 million in 2000/2001, the year of the Five-Year Plan.
The first year of
the Short-Term Five - Year Plan has already been implemented. In 6c 1996/97
annual plan, the first year of the Shore Term Five Year Plan, the Gross
Domestic. Product at 1985-86 constant prices wat targeted at K 72,683
million with the growth rate of 6.1 percent. The performance accord ing to the
provisional actual data was K 71,041 million registering a growth rate of 6.4
percent over the previous year due to the harmonious inter- sectoral
consistency among the pro& tive, services and trade sectors of the economy
and expansion of investment year by year.
The 1997-98 annual
plan, the second year of the Five-Year Plan, has been formulated with the
following major macroeconomic target and all-out efforts are being made to
fulfil the original targets of the Five-Year Plan.
(i) The GDP in real terms is projected of t K 75,132 million and to increase by
6.4 percent.
(ii) Total investment is projected at K. 109,132 million, comprising K. 35,569
million by State sector, K 73,563 mil- lion by cooperative and private sector.
(iii) Export target is set at K 5,945 million.
(iv) Import target is set at K 11,194 million.
The national
economic conditions during the period from 195-89 to 1996-97 and the plan
target for I 997-98 arc shown in the table as follows:
|
| Sr .No |
Fiscal Year |
Gross Domestic
Product
(At 1985-86
constant prices)
(Kyat in Million)
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Growth
Rate
(Percentage) |
| 1 |
2 |
3 |
4 |
| 1 |
1988-89 |
47141 |
(-)11.4 |
| 2 |
1989-90 |
48883 |
3.7 |
| 3 |
1990-91 |
50260 |
2.8 |
| 4 |
1991-92 |
49933 |
(-)0.6 |
| 5 |
1992-93 |
54757 |
9.7 |
| 6 |
1993-94 |
58064 |
6.0 |
| 7 |
1994-95 |
62406 |
7.5 |
| 8 |
1995-96 |
66742 |
6.9 |
| 9 |
1996-97(Provisional actual) |
71042 |
6.4 |
| 10 |
1997-98(Annual Plan) |
75132 |
6.4 |
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Government & Policy
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