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Under the third plan, public works, still primarily roads, continued to take a significant share of the Nu475.2 million development budget (17.8 percent) but had decreased from its 58.7 percent share in the first plan and its 34.9 percent share in the second plan. Education gradually increased (from 8.8 to 18.9 percent) in the first three plans.
A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money.
Bhutan's hydropower potential and its attraction for tourists are key resources. The Bhutanese Government has made some progress in expanding the nation's productive base and improving social welfare. In 2010, Bhutan became the first country in the world to ban smoking and the selling of tobacco. In order to stamp out cross-border smuggling ...
Bhutanese legislation is created by the bicameral Parliament of Bhutan.Either the Monarch Druk Gyalpo or the non-partisan house National Council or the seat of the Government National Assembly may admit bills into Parliament to be passed as acts, with the exception of money and financial bills, which are the sole purview of the National Assembly.
Ministry of Finance (Dzongkha: དངུལ་རྩིས་ལྷན་ཁག།; Wylie: dngul rtsis lhan khag) is a ministry of Bhutan is responsible to steer and sustain a robust economy through a dynamic fiscal policy and strong culture of fiscal discipline.
Gelephu Special Administrative Region (stylized as GeSAR), also known as Gelephu Mindfulness City (Dzongkha: དགེ་ལེགས་ཕུག་དྲན་ཤེས་ཁྲོམ་ཚོགས), is a planned special administrative region and economic hub in Gelephu, Bhutan, that covers an area of 2,500 square kilometers. [1]
In 1961, King Jigme Dorji Wangchuck initiated planned development process. The first Five-Year Plan introduced planned agriculture with a budget of Nu 2,000,000. [6] The entire outlay was financed by the government of India pegged at INR 174,700,000. [9] The kingdom's Department of Agriculture was established on October 1, 1961.
During Bhutan's Third Five-Year Plan, public works, still primarily roads, continued to take a significant share of the Nu475.2 million development budget (17.8 percent). Despite amounts budgeted for planned development, there were additional capital expenditures outside the formal development plan, including road construction and hydroelectric ...