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

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Nagaland-No New Frontiers

a considerable part of even this seemingly large increase in outlay represents overruns in the costs of projects under implementation. Secondly, it is not at all certain that the allocations lot the different industries will he fully or effectively used in view of the tact that in many cases there are no projects in the pipeline. Finally, there is some disturbing suspicion about the comparability of the current year's figure of outlay on the Plan with those of earlier years. This arises from the fact that the outlay figures of the Draft Fifth Plan arc all in gross terms whereas those of earlier plans were net of replacement expenditure. It the outlay for the current year's Plan are in gross terms, as it should be since this is the first year of the Fifth Plan, then even a 15 or 20 per cent rise in outlay over last year may represent no increase at all once the figures are made comparable. It is peculiar, to say the least, that there is no explicit reference to this matter in any of the budget documents.

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