NDP12 will run until March 2029 and represents a crucial period for fiscal consolidation and acceleration of the country’s structural goals such as economic diversification and digital transformation as well as socio-economic aspirations around employment creation and inclusion.
According to Finance Ministry officials, the NDP12 growth target is in line with the country’s long-term vision of attaining high-income status by the end of 2036. The upcoming planning period is the second of the three NDPs that fall under Vision 2036, the transformational agenda government hopes will deliver an “export-led economy underpinned by diversified, inclusive, and sustainable growth”.
