Targets and policies for the financing of development plans

Most development plans, as already indicated, have sought to increase the share of investment in gross domestic product in order to accelerate the rate of economic growth. A major preoccupation of plans has therefore been the formulation of targets and policies which would ensure an adequate rate of increase in the supply of resources available for investment. The aim of raising the level of investment has had to be balanced against a realistic evaluation of the possibilities for increasing the supply of saving. In undertaking this assessment of the level at which the balance between investment and saving should be struck, most plans have stressed that the target set for investment should not be such as to endanger the stability of prices; it has generally been explicitly stated that the financing of higher levels of investment by inflationary means was not an acceptable policy.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Climate Action