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    Short, Medium and Long-Term Planning

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    Vanissa Mae Sito
    Short term economic plans last one year and aim to raise revenue, meet annual targets, achieve price stability, and reduce balance of payments deficits. Medium term plans span 3-7 years but typically 5 years, and seek to increase per capita income, employment, self-sufficiency, and domestic revenues while reducing regional disparities. Long term "perspective plans" range 10-30 years and focus on structural economic changes with greater flexibility and scope of planning.

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    Short, Medium and Long-Term Planning

    Uploaded by

    Vanissa Mae Sito
    43 views9 pages
    Short term economic plans last one year and aim to raise revenue, meet annual targets, achieve price stability, and reduce balance of payments deficits. Medium term plans span 3-7 years but typically 5 years, and seek to increase per capita income, employment, self-sufficiency, and domestic revenues while reducing regional disparities. Long term "perspective plans" range 10-30 years and focus on structural economic changes with greater flexibility and scope of planning.

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    Short, Medium and Long-term Planning

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    Short term economic plans last one year and aim to raise revenue, meet annual targets, achieve price stability, and reduce balance of payments deficits. Medium term plans span 3-7 years but typically 5 years, and seek to increase per capita income, employment, self-sufficiency, and domestic revenues while reducing regional disparities. Long term "perspective plans" range 10-30 years and focus on structural economic changes with greater flexibility and scope of planning.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    43 views9 pages

    Short, Medium and Long-Term Planning

    Uploaded by

    Vanissa Mae Sito
    Short term economic plans last one year and aim to raise revenue, meet annual targets, achieve price stability, and reduce balance of payments deficits. Medium term plans span 3-7 years but typically 5 years, and seek to increase per capita income, employment, self-sufficiency, and domestic revenues while reducing regional disparities. Long term "perspective plans" range 10-30 years and focus on structural economic changes with greater flexibility and scope of planning.

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    Short, Medium and Long Term

    Economic Planning
    Short term
    - also known a controlling plan and annual
    plan.

    - it encompasses the period of one year.


    The main objectives of short-term planning
    is to raise the revenue, attain the short-
    term economic targets, bring price
    stability, and remove deficit in BOP.
    Examples:

    • Emergency Fund
    • Payments toward rent.
    • Insurance
    Medium Term
    - last for the period of 3 to 7 years. But normally, it is
    made for the period of 5 years.
    The main objectives of medium-term economic
    planning are to raise per capita income, raise the
    level of employment, create self-sufficiency in the
    economy, reduce dependence over foreign aid and
    raise revenues through domestic sources, and to
    remove regional and intra-regional disparities.
    Long Term

    - also known as perspective plan.

    - last for the period of 10 to 30 years.


    The basic philosophy behind long-term planning is to
    bring structural changes in the economy. Under long-
    term planning, there is greater freedom of choice and
    there is a wide scope of planning.
    Reporter:
    Gellie Del Rueda Uno
    Judilyn Lucero
    Rechelle Labian
    Vanissa Mae Sito

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