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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.
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 ...
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.
It has an annual budget of about US$13.7 ... According to a World Bank report, Bhutan has invested US$539 million in cryptocurrency mining operations over the last ...
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.
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]
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]
Until 2002, Bhutan's energy sector was overseen by the Department of Power under the Ministry of Trade and Industry. In 2002, reforms in the executive body, the Lhengye Zhungtshog, produced three new agencies under the Ministry of Economic Affairs: the Department of Energy, its subsidiary Bhutan Electricity Authority, [14] and the Bhutan Power Corporation.