Growth and Transformation Plan (GTP II)
The first Growth and Transformation Plan (GTPI) culminated with registering remarkable achievements in real GDP growth, infrastructure development, social development and capacity building at all levels. During the implementation period of GTP I, public participation and common development spirit and sense of ownership has been stimulated on key national development issues. The achievements of the development Plan at all levels through community mobilization have set the foundation for economic transformation and the country’s Renaissance journey. To this end, during GTP I implementation period, significant achievements have been registered in domestic saving & investment. However, the gap between domestic saving and investment has been widening in the country during GTP I implementation period. Similarly, the gap between merchandize export earnings and merchandize import bill, the trade deficit, has been widening during GTPI implementation period. The share of merchandise imports bill financed by merchandize export earnings has been declining over the GTPI implementation period. Notwithstanding the encouraging achievements registered in the manufacturing sub- sector, performance has still fallen short of the targets set in the Plan. Despite the promising results witnessed in good governance, public satisfaction has not been realized as desired.
The positive achievements of GTP I and lesson drawn from its implementation have been taken as input in the formulation of the Second Growth and Transformation Plan (GTPII). The national vision; existing national and setoral policies, strategies and programs; performance under GTPI; commitment to Sustainable Development Goals (SDGs) and regional and international economic collaboration initiatives were the basis for the formulation the Second Growth and Transformation Plan (GTPII) through high level political leadership, public participation & ownership. The formulation of the GTPII has also passed through broad based consultation processes with relevant stakeholders at both regional & federal levels to enrich its content & forge national ownership of the Plan. Subsequently, the final version of the plan was approved by the council of ministers endorsed the Parliament to guide development endeavours in the country during the next five years, 2015/16-2019/20.