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RAA reports irregularities worth nearly Nu 4bn in 2023-2024

Wasteful spending due to poor assessments and budget controls- RAA Report

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...

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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