5.4 The Current Plan (Sixteenth Plan, FY 2024/25–2028/29)

(Facts drift with revisions — anchor what is structural, and in the exam cite "the Sixteenth Plan" byperiod rather than by volatile numbers.)• Vision: carrying forward the national vision of "Prosperous Nepal, Happy Nepali" — the continuity slogan since the Fifteenth Plan.• Objectives (the plan's own logic, stable across drafts): rapid and sustainable economic growth with structural transformation; productive employment; economic stability (prices, external balance, financial soundness); and the continuing SDG and LDC-graduation commitments.• Strategies and priorities (the headline set): energy generation and transmission as the growth spine; agriculture productivity and commercialisation; tourism revival and quality; IT/ digital economy and remittance-into-investment; physical connectivity (roads, transmission lines); human capital (education, health); good governance and federal implementation capacity; and macro-fiscal discipline — revenue mobilisation, capital spending quality, debt management.• Resource allocation (how plans are financed): the plan's outlay mapped onto annual budgets — revenue (tax: the VAT 2052, Income Tax 2058, Customs statutes and administered by the Inland Revenue/Customs departments; non-tax), foreign grants, and borrowing (domestic — treasury bills and development bonds via Nepal Rastra Bank auctions; external — concessional loans), with the recurrent/capital split the perennial battleground (recurrent — salaries, interest, social transfers — absorbing a large share and squeezing capital).