A 171bn-debt, pitfall amidst national achievements

During the State of The Nation, Prime Minister, Dasho Tshering Tobgay said that currently, the total national debt stands at Nu 171bn, a major part of which funded hydropower construction. However, Lyonchhen assured that “while we should be concerned, hydropower debt will be paid back by hydropower earnings.” As of today, non-hydropower loan has decreased […]

PM declares fiscal incentives “constitutional”

Lyonchhen Dasho Tshering Tobgay, responding to Druk Nyamrup Tshogpa’s (DNT) allegations that the Fiscal Incentives 2016 is unconstitutional because they were not approved by parliament, said that “it is constitutional by precedent and by law”, during  Meet The Press on Friday. Lyonchhen said as far as the government is concerned, providing the fiscal incentives is […]

Govt. will pass the 12th Plan budget next year: PM

For this, the government will have to convene a summer session of National Assembly in 2018 The government might need to convene a 11th sitting of National Assembly (NA) around May or June next year if resolved by the Speaker and Members of Parliament (MPs), said Lyonchhen Dasho Tshering Tobgay during Meet The Press session […]