BBSCL

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...

Boulder exporters in Samtse are urging the government to expedite the formalisation and reopening of the Duarpani trade route. Despite infrastructure readiness on the Bhutanese side for nearly two years, the trade route still remains closed. Exporters say the prolonged closure has significantly impacted exports, leading to increased operational costs and reduced profitability. The exporters' group in Samtse constructed a...

The industry, commerce, and employment minister said the government is committed to fostering inclusive workplaces in the private sector through fiscal incentives, public recognition, and direct support for employers supporting diversity. Highlighting a key initiative, he said that the newly launched Youth Engagement and Livelihood Program Guideline 2024 prioritises persons with disabilities by waiving the standard selection process. He emphasised...

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...