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Government underspends by Nu 6bn in its capital budget for 2023-24 fiscal year

Government underspends by Nu 6bn in its capital budget for 2023-24 fiscal year

The government underspent by more than Nu 6bn in its capital expenditure during the 2023-24 fiscal year, falling nearly 19 per cent short of its revised capital budget. A capital budget is the government's fund for long-term investments like infrastructure, schools, hospitals, roads, and development projects. According to the Annual Financial Statements released by the Ministry of Finance, the revised...

Restored irrigation boosts winter cropping and livelihoods in Phangyuel Gewog, Punakha

Restored irrigation boosts winter cropping and livelihoods in Phangyuel Gewog, Punakha

After more than a decade, winter cropping is making a comeback in Phangyuel Gewog, Wangdue Phodrang, thanks to the restoration of the irrigation water supply. Farmers have begun cultivating crops and vegetables, ensuring greater self-sufficiency. They say this has not only boosted summer agriculture but has also revived winter cropping, offering them new opportunities to improve their livelihoods.  The fields,...

Education ministry identifies 1,500 students for substance use intervention

MoESD strengthens feeder schools, invests Nu 20bn in improving schools to manage urban enrolment pressure

As a strategy to tackle the huge number of students seeking enrollment at schools in urban areas, the education and skills development ministry is strengthening feeder schools. Education and Skills Development Minister Yeezang De Thapa, during the Meet The Press session yesterday, said that it is also investing nearly Nu 20bn in improving schools in rural areas in the 13th...

Foreign grants drop by over 26 per cent in last financial year

Foreign grants drop by over 26 per cent in last financial year

With around Nu 10.6bn received in foreign grant in the last financial year, Bhutan's foreign grant has dropped by over 26 per cent compared to the previous year. Bhutan received around Nu 14.4bn in the 2022-2023 fiscal year, according to the Annual Financial Statements. This change came as Bhutan transitioned from a Least Developed Country to a developing nation, impacting...

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