Recently the Asian Development Bank (ADB) announced that it is giving USD 24 mn in loan and USD 6 mn in grant for 1,000 units’ low cost housing in Nganglam, Phuentsholing, Samdrup Jongkhar, Samtse, Thimphu, and Trashiyangtse. However, as soon as the announcement was made many people came online to …

15,602 registered Bhutanese living abroad and many more leaving but actual numbers could be double PM and OL not in favour of Bhutan becoming dependent on remittances Bhutan’s remittance from Bhutanese abroad in 2020 at Nu 8.269 billion (bn) was larger than the total tariff paying tourism foreign exchange earnings …

Projected Revenue is well below the Nu 194 bn Current Expenditure outlay of the 12th plan This may impact the overall size of the Nu 310 bn 12th plan No salary cuts or new taxes but there will be cost cutting The Ministry of Finance (MoF) while replying to an …

The 2019 Pay Revision Act is very clear that Ministers or positions equivalent to them are entitled to one chauffer driven SUV of 3,000 cc each, which means one Toyota Prado for each of them. However, in contravention to the Act, it has been learnt that the Finance Minister, Foreign …

The 2020-21 Annual Audit Report for the first time has given a lot of space to the  issues of increasing national debt, rising fiscal deficits and the faster rise of current expenditure compared to revenue. RAA has pointed to debt as one of the main issues in its executive summary …

The main focus of the government’s plan to borrow and invest big money (see main story on pg 1) to help Bhutan overcome the COVID-19 impact will be in the construction and skilling sectors. Construction Talking about a potential area of investment Lyonchhen Dasho (Dr) Lotay Tshering said almost 37 …

The Prime Minister Dasho (Dr) Lotay Tshering and the Finance Minister Lyonpo Namgay Tshering both said Bhutan would not only have to go beyond the 12th plan, but also borrow large amounts for projects to help revive the economy, and also avoid a slump during the transition period in late …

Recently there was some hype in the Indian media about seven additional entry and exit points for trade between Bhutan and India at a secretary level meeting, however, a senior official, on the condition of anonymity said these are not new and have been approved in principle and have been …

There are many books on Padmasambhava or Guru Rinpoche written by foreign scholars, but upon the command of His Majesty The King, Bhutan now has its first ever book on Guru Rinpoche written by Bhutanese authors with a Bhutanese perspective. The Director of the Department of Culture, Nagtsho Dorji, said, …

The last date to file nominations are on 22nd November 2021, but as of now more than 100 incumbent Gups are yet to get their Audit Clearances to either resign or take part in the local government elections. It is understood that the majority of these 100 plus Gups from …