BBSCL

During the financial year 2023-2024, the audit report showed excess payments of some Nu 860 M related to public procurement, particularly in construction works. During the period, the authority recommended appropriate actions on 150 officials across 33 agencies. The government is asked to enforce stronger mechanisms and stricter measures.  According to the Royal Audit Authority, many excess payments appear to...

The Royal Audit Authority's latest annual report reveals persistent quality issues in public construction, with 139 cases of poor work recorded during the 2023-2024 financial year. Despite follow-ups, only 91 of these cases were resolved, spanning 62 projects. The report urges the government and agencies to enforce stricter measures to curb substandard practices and safeguard public investments. According to the...

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....

The Royal Audit Authority, over the years, has reported several instances of wasteful expenditures in government and public agencies. According to the latest annual audit report, such circumstances arise when investment proposals are made without properly assessing their requirements, uses, and feasibility. Wasteful expenditures are the inefficient use of public resources, resulting from unnecessary and careless spending that brings no...