BBSCL

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...

The six-day annual Punakha Dromchoe and Tshechu attracted over 3,300 tourists this year, generating more than Nu 1.6 M in tourist fees for the district. This marks a threefold increase compared to last year, when around 1,100 tourists contributed over Nu 540,000 in revenue. Held annually in the courtyard of Punakha Dzong, the Punakha Tshechu and Dromchoe are vibrant cultural...

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...

After a four-year hiatus, National Startup Weekend began in Thimphu yesterday. It focuses on collaboration and development in emerging technologies for aspiring innovators and entrepreneurs. The theme for the second edition of the event is, “Cultivating Conscious Innovation: Merging Emerging Technologies with Mindful Development Practices.” The four-day event started with the Startup Community Bootcamp to strengthen Bhutan’s innovation and entrepreneurship...