Taxis in T/gang overcharge fares

A resident says he pays Nu 200 as taxi fare which earlier cost just Nu 150 Ordinary consumers are already feeling the impact of the increasing fuel cost, with skyrocketing prices, mostly attributed to increase in the transportation cost, hurting people at the lower rungs of the society. In Trashigang, local commuters are facing the […]

Money supply estimated to grow by 13.8% in FY 2021-22

The growth in net foreign assets, contributed by the inflow of convertible currency, is expected to grow by 22.3% by the end of this FY Despite the slowdown in the economy and high inflation, the monetary and credit situation remain favorable, supported by accommodative monetary and expansionary fiscal policies.  However, the money supply, measured by […]

Public debt-to-GDP ratio projected to fall

Debt-to-GDP ratio is projected to fall to the threshold level of 55% only by FY 2036-37 The economic contraction in the last two fiscal years pushed up the public debt-to-Gross Domestic Product (GDP) ratio to 134.2%. However, with the easing of the COVID-19 restrictions, the economy is projected to rebound with an average growth rate […]