Kathmandu. The National Planning Commission has estimated that Rs 300 billion will be required annually to achieve the Sustainable Development Goals.
Releasing the Sustainable Development Goals Needs Identification, Cost Estimates and Financial Strategy, 2081, the Commission has estimated that Rs 299.65 billion will be required by 2030. The Commission has pointed out the need for further strengthening the role of the provincial and local levels in implementing federalism, issues related to COVID-19, migration, urbanization, growing inequality, and climate change.
According to the updated report, it is estimated that about Rs 299.65 billion (annual average: Rs 302.3 billion) will be required for the implementation of the Sustainable Development Goals for the period 2024-30. Among the Sustainable Development Goals, the largest share of the total investment requirement is seen in Goal 9 (Industry, Innovation and Infrastructure), followed by Goal 7 (Clean Energy) at 12% and Goal 1 (Earnings and Poverty Eradication) at 11%. It is estimated that an average investment of 45.4% of GDP will be required during 2024-30.
This estimate is 2.4 percentage points lower than the average annual estimate made in the previous strategy. The strategy has been prepared to make financial resources available from the public, private, cooperatives (including non-governmental and community) and household levels to meet the investment requirements of the four development goals.
It is estimated that 57.5% of the total investment requirement of the Sustainable Development Goals will be mobilized from the public sector. Of this, the share of investment from the federal, provincial and local governments is estimated to be 70%, 9% and 21% respectively.
In addition, 34.35 percent of investment will be mobilized from the private sector, 4.18 percent from the cooperative and non-governmental sector and 3.95 percent from the household level. An analysis of the investment requirements of the six Sustainable Development Goals and the various sources available for this is estimated to have an average fiscal gap of Rs 755 billion (11.1 percent of the gross domestic product on average) during the period 2024-30.
Of this, the annual average fiscal gap in the public sector is estimated to be Rs 426 billion and the fiscal gap for the private sector is estimated to be Rs 329 billion. According to the goals, the largest fiscal gaps are seen in infrastructure, sustainable cities, education, health, and water and sanitation.
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