Home / News / Finance minister to prioritise self-sufficiency 

Finance minister to prioritise self-sufficiency 

Lyonpo Namgay Tshering
Lyonpo Namgay Tshering

This week will be a hectic week for the new finance minister Namgay Tshering – one of sitting and listening for long hours – orienting about the six departments.

The moment he joins the ministry, he would set up the flagship programmes the government wants to achieve for the wellbeing of the people.

He has already met the finance secretary and the heads of the departments.

There has been much talk on the debt issue, he said 80 percent of which is for hydropower projects.

“The country has come a long way in that today we are able to meet all the recurrent expenses from our domestic resources,” he said.

He said the government would review what has been done and continue with the good work.

“We will also seriously work on foreign aid,” he said, adding that the country has always been eligible for aid but it’s high time the country works to achieve the vision of self sufficiency.

“On one hand, we talk about self sufficiency and on the other if the government work on increasing the share of international aid, then we’re setting a bad precedent,” he said. “We want to work on self sufficiency as envisioned by our great Monarchs.”

Tax reforms would come in a bigger way and an inclusive financial policy recognising the highest taxpayers, the minister said.

“I’m not an expert in finance so I look forward to learning from the seniors in the ministry,” he said.

Lyonpo Namgay Tshering worked with the health ministry for 14 years before resigning to join politics. He worked as the national programme manager with the National HIV/AIDS and STIs control programme and head of the communicable disease division with the health ministry’s public health department.

The 39-year-old from Jelekha, Paro has a Master’s Degree in Public Health from Chulalongkorn University in Thailand and Bachelor of Science in Communication from the University of Madras, Tamil Nadu in India.

The MP for Dokar-Sharpa, Paro, Lyonpo Namgay Tshering took to the task soon after submitting his resignation and he was in the field meeting people. As he could not fulfill the one-month notice period for tendering his resignation, he forfeited the one-month salary.

“This is a source of pride for my community as I’m the first minister from my community and the Dogar-Shaba constituency,” he said admitting that he never dreamt of becoming a minister. “My son is more excited than me.”

Tshering Palden 

Check Also

Medical errors lack study and awareness

In Bhutan, medical errors and their causes are least studied and understood due to lack …

Leave a Reply