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Public debt at Nu 290bn as of September 2024

Public debt at Nu 290bn as of September 2024

The country's public debt rose by over Nu 5bn in the third quarter of 2024 compared to the second quarter. The finance ministry's quarterly Public Debt Situation Report reveals that as of September, the total public debt surpassed Nu 290bn. Of this amount, external debt accounts for a significant 92 per cent. Total public debt refers to the total amount...

Buddha Statue comes alive with Gerry Hofstetter’s light display

Buddha Statue comes alive with Gerry Hofstetter’s light display

The Buddha Statue at Kuensel Phodrang in Thimphu came alive last night with Gerry Hofstetter’s light art. His projections featured the national flag, masks and mandala, among other things, For the Swiss light artist and filmmaker, Bhutan marks the 88th country where he has showcased his art. Despite the cold at Kuensel Phodrang, around a hundred people gathered to witness...

RCSC’s Executive Forum charts path to civil service transformation

RCSC’s Executive Forum charts path to civil service transformation

Efforts are underway to bring transformation in the civil service. The Royal Civil Service Commission’s Executive Forum which concluded today focused on how leadership can serve as a catalyst for transformation. The forum emphasized on self-reflection, re-examining current practices, and setting a vision for the future. Nearly 100 senior executives from ministries, agencies, and districts attended the forum in the...

Four + one model to raise funds for Gelephu Mindfulness City

Four + one model to raise funds for Gelephu Mindfulness City

The Gelephu Mindfulness City must prioritise financially viable and bankable projects to secure investments. According to its Board Director, Yee Ean Pang, mobilising funds is crucial to realising the vision of Gelephu as a business hub. Speaking at a recent forum in the capital, the board director said that the city would adopt a “four-plus-one” funding model to attract investments....

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