THREE - YEAR
ROLLING PLAN; 1989-90/91
The idea of a five year
development plan was abandoned in October 1988 as it was felt that the economic
environment which necessitated the use of shorter term planning instruments for
managing the economy since December 1986, when the 4th National
Development plan expired still remained valid and would be so for the
foreseeable future.
It would be
recalled at the end of the 4th National development plan in December
1985, a one -year economic emergency programme was instituted in 1986. Thus was
later absorbed by a two-year structural adjustment programme, which was to
establish a clear policy direction for the economy for many years to come.
The
traditional 5-year planning model was thus replaced with a 3 year-rolling plan
to be operated along with a 15-20 year perspective plan and the normal
operational annual budget.
Thus, it is expected that this three tier planning circle will
become operational with the 1989 budget providing the foundation for 3 years
rolling plan.
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