transport facilities was emphasized. Because of the political upheavals in mid-1990, the new government postponed formulating the next plan. The July 1990 budget speech of the minister of finance, however, implied that for the interim, the goals of the seventh plan were being followed. Foreign aid as a percentage of development averaged around 66 percent (see table 10, Appendix). The government continually failed to use all committed foreign aid, however, probably as a result of inefficiency. In the Rs26.6 billion budget presented in July 1991, approximately Rs11.8 billion, or 44.4 percent of the budget, was expected to be derived from foreign loans or grants. Eighth The Eighth Plan(1992-1997) is the first plan of the democratic government formed through popular elections following the restoration of democracy brought about by the historic people's movement of 1990. In this context, the perspectives of this plan are based on two principal contradictory factors. These factors consist of, on the one hand, the positive aspects of the new aspirations and enthusiasm among the general public and, on the other, the negative aspects of the legacy of economic depravity left behind by the panchayat regime. Ninth Ninth Year Plan(1997-2002) The main objectives of Ninth plan was poverty alleviation. The target of the ninth plan was to increase industrial production by 6% per annum the investment both domestic and foreign was estimated to be Rs. 35 billion. The plan also estimated creation of additional 0.35 million jobs. Industrial contribution to the GDP was expected to reach 14% by the end of the plan period. Many of these targets could not be achieved during the plan period. Tenth Tenth Year Plan(2002-2007) Tenth plan also has given priority to poverty alleviation. To achieve the objective the plan has targeted to improve the economic, human and social indicators. The plan also aims to strengthen the capability of the private sector and encourage it to participate in social development activities. References - Nepal, information is from 1991. Economy of Nepal Economic history of Nepal Five-year plans History of Nepal (1951–2008)