Five-Year Plans

Five-Year Plans are government-led strategies that set specific economic goals and priorities to guide a country’s development over a five-year period. They outline targeted production levels, infrastructure projects, and social initiatives to achieve economic growth, improve living standards, and strengthen industries. These plans help coordinate efforts across various sectors, allocate resources efficiently, and track progress. While originally associated with centrally planned economies like the former Soviet Union, similar planning methods are used in other countries to structure long-term development objectives systematically.