Austerity Measure: Answer to the economic pressure?

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To control the recurrent expenditure the Ministry of Finance on August 23 issued circular to all Ministries, Autonomous agencies, Corporations and Constitutional bodies to voluntarily come up with austerity measures. The circular also states end of September as the deadline to submit their voluntary measures to the Ministry of Finance.

In yesterday’s News Hour, the finance minister, Namgay Dorji, shed light on the motive behind the circular issued to all the agencies including the corporations and ministries.

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