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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.
Since 1961, the government of Bhutan has guided the economy through five-year plans in order to promote economic development. [15] On 8 December 2023, Bhutan graduated from the UN's list of least developed countries (LDCs), making it only the 7th country to do so and the first in 3 years. [16] [17]
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.
The GMC is set to occupy 2.5% of Bhutan’s total landmass, which is currently inhabited by some 10,000 people, mostly farmers, who already rate the lowest in Bhutan’s GNH surveys, with only 33% ...
It has an annual budget of about US$13.7 million (1.8 per cent of GDP). ... Violators are fined the equivalent of $232—a month's salary in Bhutan. In 2021, this was ...
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 ...
Since 1961, the government of Bhutan has guided the economy through five-year plans in order to promote economic development. [143] On 8 December 2023, Bhutan graduated from the UN's list of least developed countries (LDCs), making it only the 7th country to do so and the first in 3 years. [144] [145]
In light of these events, the Finance Ministry presented the 34th Session of the National Assembly (April 29–May 21, 1971) with the first official statement of income and expenditure of the civilian financial plan for the calendar year 1971. The Assembly confirmed and accepted the statement. [3]