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 …

With around 80 percent of Bhutanese expected to be fully vaccinated soon, there is increasing pressure on the government from large sectors like Construction and Tourism to open up or lighten restrictions. However, the Prime Minister Dasho (Dr) Lotay Tshering in an interview to The Bhutanese said that whatever is …

Thimphu District Court accepted the case today The entire country had assumed that the ‘Penjore Penjore’ sedition and defamation case against Penjore had come to an end on 18th June 2021, after the OAG’s sedition case against Penjore was dismissed by the Thimphu District court. This was further confirmed when …

NPL expected to jump from current 14% to 29% after June 2022 The Finance Minister Namgay Tshering, who is the Chairman of the National High Level NPL Committee said that in order to deal with the higher Non Performing Loans (NPL) that are expected after the loan deferment and Interest …

Recently, the Anti Corruption Commission (ACC) started its investigation into tax evasion, bribery and smuggling allegations at the Phuentsholing Mini Dry Port (MDP) with the involvement of Bhutanese officials including customs. However, this is just the tip of the iceberg as The Bhutanese found that this is just a part …