The strict financial policies of late King Faisal, coupled with the aftermath of the 1973 oil crisis, created a financial windfall that fueled development and led to a commercial and economic boom in the country. Notable achievements in his reign included the institution of the second "Five-Year Plan" in 1975, which aimed to build up Saudi infrastructure and health care. The planned budget for the development plan was $142 billion. Although not all goals were achieved, the second development plan was much more successful than the first one. King Khalid also launched the Kingdom's third development plan with the budget of $250 billion in May 1980.