BHUTAN TODAY The New Perspective

As Bhutan enters the fiscal year 2023-24, while there have been positive signs of progress, such as a reduction in the fiscal deficit due to increased revenue mobilization, Bhutan faces challenges with a projected widening fiscal deficit, driven by reduced grant estimates. The total public debt has risen to alarming levels, reaching 136.8 percent of GDP, primarily attributed to hydropower …

…𝒕𝒉𝒆 𝑫𝒆𝒑𝒂𝒓𝒕𝒎𝒆𝒏𝒕 𝒐𝒇 𝑻𝒐𝒖𝒓𝒊𝒔𝒎’𝒔 𝒊𝒏𝒏𝒐𝒗𝒂𝒕𝒊𝒗𝒆 𝒂𝒑𝒑𝒓𝒐𝒂𝒄𝒉 𝒕𝒐 𝒕𝒐𝒖𝒓𝒊𝒔𝒎 𝒑𝒓𝒐𝒎𝒐𝒕𝒊𝒐𝒏 𝒂𝒏𝒅 𝒕𝒉𝒆 𝒏𝒆𝒆𝒅 𝒇𝒐𝒓 𝒑𝒐𝒍𝒊𝒄𝒚 𝒂𝒅𝒂𝒑𝒕𝒂𝒕𝒊𝒐𝒏 By Sonam DekiThe Department of Tourism is actively exploring various avenues to boost tourism. While a Sustainable Development Fee is charged for every tourist, the department adopts a unique approach for social media influencers whom they deem capable of effectively promoting the kingdom. These influencers, …

…4780 𝒊𝒏𝒅𝒊𝒗𝒊𝒅𝒖𝒂𝒍𝒔 𝒘𝒆𝒓𝒆 𝒄𝒂𝒖𝒈𝒉𝒕 𝒘𝒊𝒕𝒉𝒐𝒖𝒕 𝒂 𝒗𝒂𝒍𝒊𝒅 𝒅𝒓𝒊𝒗𝒊𝒏𝒈 𝒍𝒊𝒄𝒆𝒏𝒔𝒆, 𝒊𝒏𝒄𝒍𝒖𝒅𝒊𝒏𝒈 𝒆𝒙𝒑𝒊𝒓𝒆𝒅 𝒍𝒊𝒄𝒆 𝒏𝒔𝒆 By Phurpa Wangmo Recent data from the Bhutan Construction and Transport Authority (BCTA) has unveiled a disconcerting trend within the country – an increasing number of individuals flouting driving license regulations. Between the year 2022 and the first week of October 2023, a staggering 4,780 individuals were …

In the midst of a turbulent global economic landscape, Bhutan’s extraordinary economic resurgence in 2022 stands as a remarkable testament to the nation’s resilience and the efficacy of its economic policies. With a striking growth rate of 5.2 percent, Bhutan managed to rebound from the severe economic contraction of -10.2 percent experienced in 2020, a year deeply scarred by the …

…𝒕𝒉𝒆 𝒕𝒐𝒕𝒂𝒍 𝒑𝒖𝒃𝒍𝒊𝒄 𝒅𝒆𝒃𝒕 𝒔𝒕𝒐𝒄𝒌 𝒊𝒏 𝒕𝒉𝒆 𝒇𝒊𝒔𝒄𝒂𝒍 𝒚𝒆𝒂𝒓 2022-23 𝒊𝒏𝒄𝒓𝒆𝒂𝒔𝒆𝒅 𝒃𝒚 8 𝒑𝒆𝒓𝒄𝒆𝒏𝒕 𝒕𝒐 𝑵𝒖. 20,101 𝒎𝒊𝒍𝒍𝒊𝒐𝒏 𝒇𝒓𝒐𝒎 𝒕𝒉𝒆 𝒑𝒓𝒆𝒗𝒊𝒐𝒖𝒔 𝒇𝒊𝒔𝒄𝒂𝒍 𝒚𝒆𝒂𝒓. By Phurpa WangmoThe total budget for the fiscal year 2023-24 is maintained at Nu. 74.86 billion, representing a 7.6 percent increase compared to the fiscal year 2022-23. Out of this total expenditure, Nu. 45.55 billion is allocated …