Five-Year Plan

A Five-Year Plan is a government strategy that sets specific economic and development goals to be achieved over five years. It outlines priorities such as boosting industries, improving infrastructure, and increasing standards of living. These plans help coordinate resource allocation and guide economic growth, aiming for steady progress. Countries, especially those with centrally planned economies, use five-year plans to focus efforts and measure progress toward national objectives. They are tools for long-term planning that ensure policies align with the country's development vision.