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Not much left for the final fiscal year

While the total budget for the 12th FYP is Nu 310B, the government has already exhausted around 89% of the budget with one fiscal year still remaining for the FYP to end By Tashi Namgyal By the end of this fiscal year, Bhutan would have exhausted about 89 percent of the 12th Plan’s capital budget and only a meager 11 …

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Sealing the tax leakage

BITS and GST softwares will ensure all aspects of the supply chain are recorded and tax leakages are sealed By Tashi Namgyal As a measure to seal tax leakages in the future, two new softwares will be developed by the Department of Revenue and Customs (DRC) next year. Bhutan Integrated Taxation Systems (BITS), and Goods and Services Tax (GST) softwares …

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Unresolved irregularities mount by 45 percent

Royal Audit Authority issued 412 audit reports and revealed irregularities amounting close to Nu 2000 million during the past year By Rinzin Norbu The past year saw unresolved irregularities amounting to Nu 2,051.233M showing an increase of 44.95% as compared with 2019. Most increases were noted in non-performing loans of the financial institutions, Northern East West Highway (NEWH) construction and …

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DPT accuse DNT of polarized politics, policy corruption

FM maintains his stance in the Nu 19M GR Fund saga By Tashi Namgyal The Opposition Party expressed dissatisfaction over the reprioritization of the 12th Plan activities and also lambasted the Druk Nyamrup Tshogpa (DNT) government of ‘policy corruption’ and ‘polarized politics’ amidst the usage of Nu 19M General Reserve (GR) Fund by the finance minister. “The Opposition Party has …

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Police submits charges against Penjore

The Royal Bhutan Police (RBP) charged Penjore Penjore for defamation citing three Sections of the Penal Code of Bhutan 2004 By Tashi Namgyal In a breakthrough court trial session, the media was allowed to attend for the first time when the Thimphu District Court’s Bench II presented the charges that was submitted by the Royal Bhutan Police (RBP) against Penjore …

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