Govt. plans to reduce fiscal deficit to below 5% by FY2022-23

The fiscal deficit for the FY 2022-23 is estimated at Nu 22,882.133mn, which is 11.25% of the GDP The government has pegged the fiscal deficit for the Fiscal Year (FY) 2021-22 at 8.5% of the GDP and aims to bring it back below the 5% mark by 2022-23. The fiscal deficit for the FY 2022-23 […]

Rhetoric versus Reality

Prime Minister Dr Lotay Tshering responded that the country’s economy has recovered ‘handsomely’ from the pandemic-induced disruptions during the National Assembly session last week. The response from the Prime Minister came after Lyonchhen was quizzed about the government’s strategies to revive and improve the country’s economy by MP Passang Dorji from Bartsham-Shongphu constituency in Trashigang. […]

Govt. quizzed on strategies to develop private sector

The economic affairs minister outlines numerous plans to boost the private sector That the government has been supporting the private sector, Economic Affairs Minister Loknath Sharma said it will continue to promote its growth and development in whatever ways possible. The minister made the statement when quizzed by MP Passang Dorji (PhD) from the Bartsam-Shongphu […]