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Delay in PHPA-II commissioning to stall economic growth for 2024

Delay in PHPA-II commissioning to stall economic growth for 2024

Delays in fully commissioning the Punatsangchhu-II hydropower project are expected to affect economic growth in 2024. The country’s economy is now projected to grow by five per cent this year, over one percentage point lower than earlier estimates. The finance ministry, in its latest macroeconomic situation report, said that the downward revision was mainly due to the PHPA-II commissioning delay...

Bhutan to build landmark international airport in Gelephu by 2029

Bhutan to build landmark international airport in Gelephu by 2029

During the 117th National Day celebrations at Changlimithang, His Majesty The King announced that Bhutan's priority for the next five years is to construct a large international airport in Gelephu. Speaking at a recent forum, Seow Hiang Lee, a Board Director of Gelephu Mindfulness City, said that Bhutan has the opportunity to create one of the finest airports. “This project...

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...

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