When was the 16th plan endorsed by the cabinet
May 14,2024
When is it to be implemented
From FY 2081/82 for five years
Economic growth rate target
7.3%
Per capita income target
2413 dollars
Increase Nepal’s HDI from __ to ___
0.601 to 0.650
Increase Nepal’s Human Wealth Index from ___ to ____
76.3 to 78
Lower economic and environmental risk index from ___ to ___
29.7 to 24
Increase average life expectancy from___ to _____
71.3 years to 73 years
Hydropower production from ___ to ___
From 3100 MW to 11,769 MW
Reduce absolute poverty to
20.3 percent
Reduce consumer inflation to
5 percent
Reduce unemployment rate from ___ to ___
11.4 percent to 5 percent
Increase literacy rate to
85 percent
Target of families having access to a health facility within half hour distance
90 percent
Internet access to reach
90 percent
Families having access to banks and financial institutions
85 percent
Enhance Rule of Law index from __ to ___
0.52 to 0.80
Enhance Global Competitiveness Index from __ to ____
52 to 65
Corruption Reduction Awareness Index
35 to 43
Revenue as a percentage of GDP is to rise from ___ to ____
17.8% to 24%
Increase Federal Expenditure from __ to ___
26.5 percent to 32 percent
Keep sovereign debt below ___ percent of GDP
45 percent
Reduce trade deficit to ___ percent of GDP
24 percent
Maintain inflow of remittance between __ percent of GDP
22 to 24 percent of GDP
