ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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CAPITAL VIEW

The concept of health planning has become grossly distorted over successive five year plans; the Draft Five Year Plan, 1978-83, is no exception.

CAPITAL VIEW

The concept of health planning has become grossly distorted over successive five year plans; the Draft Five Year Plan, 1978-83, is no exception.

CAPITAL VIEW

The concept of health planning has become grossly distorted over successive five year plans; the Draft Five Year Plan, 1978-83, is no exception.

CAPITAL VIEW

The concept of health planning has become grossly distorted over successive five year plans; the Draft Five Year Plan, 1978-83, is no exception.

CAPITAL VIEW

The concept of health planning has become grossly distorted over successive five year plans; the Draft Five Year Plan, 1978-83, is no exception.

CAPITAL VIEW

The concept of health planning has become grossly distorted over successive five year plans; the Draft Five Year Plan, 1978-83, is no exception.

Macro-Economic Balance of Draft Plan

ECONOMIC AND-POLITICAL WEEKLY Macro-Economic Balance of Draft Plan D R C THE draft Five-Year Plan, 1978-83, issued in April 1978 makes interesting leading. The first two chapters of Part II of the Draft mainly deal with the physical and financial balance. The chapter on production plan covers the choice of growth rates, demand projec tions and production targets for key commodities and services, the demographic perspective including age structure of the projected population and expected labour force and expected proportions of population below the poverty level. The targets have been worked out with a longer perspective of the decade ending 1978-88. The physical production and employment targets are presented for two points of time, viz, 1977-78 and 1982-83 and in some cases for 1987-88 also. For key items like petroleum products even annual demand projections from 1976-77 onwards have been presented. The next chapter on financial resources limits itself to the quinquennium 1978-83 and also primarily to the public sector, though the overall balance of financial resources is also presented taking into account the saving expected to be generated in the private corporate and household sectors of the economy. Also, only five-year estimates are given excepting for gross domestic saving where the aggregate estimates for the two end points for the three sectors of public, private corporate and household are also included.

CAPITAL VIEW

The concept of health planning has become grossly distorted over successive five year plans; the Draft Five Year Plan, 1978-83, is no exception.

NEW DELHI-Political System Losing Credibility

from macro balance in the form of the national accounts matrix where each row and column in the matrix refers to income and expenditure transactions of the sector in question. The Draft Plan statements on macro-economic estimates serves a useful though limited purpose However, an examination of the Annexures reveals some fundamental flaws. Thus, for example, according to the Annexures, for the private sector, gdp at factor cost is equivalent to gdp at market prices. According to "System of National Accounts", indirect taxes are defined as ''taxes assessed on producers in respect of the production, sale, purdhase or use of goods and services, which they charge to the expenses of production. Also, included are import duties and the operating surplus, reduced by the normal margin of profits of business units of fiscal and similar monopolies of government" (p 234). Similarly, subsidies are defined as "all grants on current account made by government to private industries and public corporations and grants made by the public authorities to government enterprises in compensation for losses when these losses are clearly the consequence of the policy of the government to maintain prices at a level below costs of production" (p 237). It is therefore untenable that all indirect taxes and subsidies are collected from/ granted to public sector. Also private final consumption expenditure and investment (public and private) are measured at market prices, i e, inclusive of net indirect taxes. Estimates of gdp both for public and private sectors essentially has therefore to include the corresponding components of indirect taxes paid and subsidies received. An examination of NAS (January 1978) suggests that it is possible to obtain the corresponding estimates for public and private sectors separately.

CAPITAL VIEW

The concept of health planning has become grossly distorted over successive five year plans; the Draft Five Year Plan, 1978-83, is no exception.

CAPITAL VIEW

The concept of health planning has become grossly distorted over successive five year plans; the Draft Five Year Plan, 1978-83, is no exception.

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