• Debt to GDP projected to decline to 76 percent

    The country’s external debt is expected to fall from 105 percent of GDP in the current fiscal year to 76 percent by the end of 12th Plan, the finance ministry projects. However, in absolute terms, Bhutan’s external debt would increase from Nu 204B to Nu 215B. This is because the country’s GDP is expected to grow by an average of 6 percent in the 12th Plan. Expansion of GDP base would automatically reduce the debt to GDP ratio, meaning the decline in ratio would not translate into absolute decline in external debt.

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Latest News

Oral transmission of Nyingma Gyubum underway in Gelephu

More than 14,000 devotees from across the country are receiving oral transmission (jaglung) and empowerment of Nyingma Gyubum since January 16 in Gelephu, Sarpang

More than 14,000 trulkus, lams, monks, nuns, lay-monks and devotees from across the country are receiving oral transmission (jaglung) and empowerment of Nyingma Gyubum from His Eminence Drupwang Sangay Nyenpa Rinpoche in Gelephu, Sarpang. Nyingma Gyubum or the Collected Tantras of the Nyingma School is a canonical collection of esoteric tantric texts, which are …

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Weaver of the winning kira reclaims title

Karma Seldon (Photo: RTA)

Following a complaint letter the Royal Textile Academy (RTA) received on November 13 last year, the actual weaver of the kira that bagged the first prize at the 17th National Design and Art Competition (NDAC) was recognised last week. The public announcement from RTA yesterday identified the weaver as Karma …

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A young farmer aspires to commercialise farming

Tanka Bahadur Chhetri waters his farm

Nichula gewog agriculture office’s drive for winter chilli production has motivated a 27-year-old man from Gangtokha village to drop dairy farming and start growing chillies. Tanka Bahadur Chhetri switched to winter chilli farming last year by growing the spice on a 50 decimal land and produced 1.8 metric tonnes (MT) of chillies. …

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One in three Bhutanese overweight, finds study

The increasing burden of non-communicable diseases (NCDs) on health facilities demands greater multi-sectoral actions for the implementation of NCD prevention activities. NCDs are a major public health problem accounting for an estimated 62 percent of the disease burden in the country. According to health officials, deaths from NCDs increased to 69 percent in 2018 …

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PAC asks MoF to implement RAA’s recommendations by September

PAC chairman and eminent member of National Council, Phuntsho Rapten

The Public Accounts Committee (PAC) has recommend the Ministry of Finance (MoF) to implement the recommendations of the Royal Audit Authority (RAA) in the annual audit report 2017 latest by September this year. PAC chairman and eminent member of National Council (NC), Phuntsho Rapten, made the recommendation while presenting the …

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Committee of Secretaries reinstituted

The Committee of Secretaries was reinstituted with its inaugural session held at the Gyalyong Tshogkhang yesterday. The committee comprises of Cabinet Secretary and the Secretaries of the 10 ministries.

The Committee of Secretaries (CoS) was reinstituted yesterday with an inaugural session held at the National Assembly. The inaugural event was presided over by the Tshulag Lopon, and attended by the Prime Minister Dr Lotay Tshering and foreign minister Dr Tandi Dorji. A press release from the Cabinet Secretariat states …

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Children’s parks to be maintained in 2019-2020 fiscal year

There are plans to build new parks in the 12th plan

The children’s playground at the coronation park in Changlimithang, Thimphu has suffered minor damages in its slides, which is proving to be risky for children. One of the parents at the park, Jurmi Dorji said he came with his two-year-old son at the place twice a month. He said they …

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Residents look forward to Jomotsangkha-Samrang highway

omotsangkha-Samrang highway

With frequent strikes in India and other associated problems, people commuting to Samdrupjongkhar are waiting for the Jomotsangkha-Samrang highway construction to complete. Construction of the 58km highway starts from Rongchuthang in Jomotshangkha to Samrang in Samdrupcholing drungkhag and will connect Jomotshangkha drungkhag to Samdrupjongkhar via Samrang. Department of Roads (DoR) is executing the construction …

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MLR’s impact minimum on loans that drive consumption

The impact of the minimum lending rate (MLR) has helped moderate the consumption-oriented loans such as housing and construction.  However, comparing the lending rates of various loan products, interest rates on consumption-oriented loans dropped more than the loans for productive sectors between 2015 and 2018. This has happened despite the …

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Multi-car park yet to attract users

Ten days after Phuentsholing thromde inaugurated its multi-car park, the three-storied parking area has not been able to attract many vehicles. Although the town is crowded with a huge number of vehicles, often congesting and disrupting the traffic, the second and the third floors of the parking building remain empty most of the …

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Transitioning to low emission transport system

About 50 taxi drivers attended the meeting

To facilitate change in the country’s urban transport sector through the promotion of Electric Vehicles (EVs) for cabbies, a consultation meeting was conducted in Thimphu on January 18. Project Manager Phub Gyeltshen said focus was on taxi drivers registered in Thimphu because it was found that taxis travelled the whole …

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NC recommends improving GC roads and secondary national highways

Lyonpo Dorji Tshering

To improve the quality and durability of gewog centre (GC) roads, the government would increase the blacktop (premix carpet) thickness to 30mm (millimeter) from the current 25mm, according to the works and human settlement minister Dorji Tshering. He said this at the National Council (NC) question hour session on January …

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