Tuesday, July 1, 2025
  • Webmail
  • Contact Us
  • About BBS
  • Privacy & Policy
ENG
DZO
BBSCL Logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
Radio Live
No Result
View All Result
BBSCL logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
No Result
View All Result
BBSCL logo
Radio LIVE

Most MPs in favour of establishing Stabilisation Fund

May 26, 2017
in Uncategorized
Reading Time: 1 min read
0
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Most National Assembly members supported the establishment of Stabilisation Fund. The government, in its budget report of 2017-18 pointed out that the fund will serve as monetary as well as fiscal policy and investment objectives.

The fund will be established with a seed capital of  Nu 100m in the fiscal year 2017-18. It is mainly to manage inflows from hydropower exports, and its related loans and grants.

It will also reduce the risks associated with liquidity and credit, and  assist the government to support interventions to sustain the desired growth in the economy.

According to the budget report, the Stabilisation Fund will enhance investments in priority sectors and foreign bonds as well.

The Education Minister Norbu Wangchuk said from 2011-13, the country had severe rupee crunch which resulted in unstable macro-economic situation. The minister added that since the government cannot solve the problem forever, instituting Stabilisation Fund is imperative.

The Labour Minister Ngeema Sangay Tshempo also stressed that Stabilisation Fund must be instituted so that in future the revenue from hydropower projects can be saved.

However, the Member of Parliament from Bartsham-Shongphu Constituency in Trashigang, Wangdi Norbu expressed dissenting views.

“At present, country does not have enough money.In such circumstances,  it is not viable to keep money for Stabilisation Fund as country might land up borrowing more from the donors,” added MP Wangdi Norbu.

 

 

 

Previous Post

Austria grants over €1m to royal government

Next Post

DHI’s income increases by 11 percent

Next Post
DHI’s income increases by 11 percent

DHI's income increases by 11 percent

Purjang of Khenpo Karpo’s Kudung held at Takila

Purjang of Khenpo Karpo’s Kudung held at Takila

Former ACC Chairperson joins Bhutan Kuen-Nyam Party

Former ACC Chairperson joins Bhutan Kuen-Nyam Party

Please login to join discussion

RECOMMENDED NEWS

Dorji Lopen presides over Baza Guru Dungdrup in Punakha

Dorji Lopen presides over Baza Guru Dungdrup in Punakha

2 years ago
3
Government outlines budget

Government outlines budget

10 years ago
1
Harvesting raw materials for Dapa production must be stopped, say local leaders of Wangdue

Harvesting raw materials for Dapa production must be stopped, say local leaders of Wangdue

10 years ago
3
His Royal Highness Gyaltshab Jigme Dorji Wangchuck inaugurates Kaja Throm in Gyalpozhing

His Royal Highness Gyaltshab Jigme Dorji Wangchuck inaugurates Kaja Throm in Gyalpozhing

1 year ago
29

BROWSE BY CATEGORIES

  • Accidents (14)
  • Agriculture (446)
  • Announcement (179)
  • Audience Survey Report (1)
  • Business (759)
  • Crime/Legal (371)
  • Culture (48)
  • Development (57)
  • Disaster (57)
  • Economy (289)
  • Education (419)
  • Entertainment (16)
  • Environment (66)
  • Feature (65)
  • Featured (6)
  • Festival (81)
  • GMC (14)
  • Headlines (6)
  • Health (631)
  • Legal (53)
  • Literature (9)
  • Livestock (76)
  • Media (26)
  • Other Stories (5,700)
  • Politics (419)
  • RCSC (1)
  • Recent stories (5)
  • Religion (45)
  • Sci/Tech (713)
  • Social (551)
  • Sports (456)
  • Technology (191)
  • Tourism (22)
  • Uncategorized (13,869)
  • Video (141)
  • Video Story (257)
  • Wildlife (42)

BROWSE BY TOPICS

Tender Announcement Vacancy Announcement

POPULAR NEWS

  • BPC’s investigation rules out transformer short circuit as Damchhu forest fire cause

    Viral video of Bhutanese man assaulted by locals and police in Jaigaon sparks safety concerns

    0 shares
    Share 0 Tweet 0
  • Gelephu Mindfulness City opens recruitment drive for Bhutanese professionals

    0 shares
    Share 0 Tweet 0
  • A centenarian’s recipe to longevity

    0 shares
    Share 0 Tweet 0
  • 40 companies risk closure over failure to submit financial reports

    0 shares
    Share 0 Tweet 0
  • Post-mortem confirms foul play: Progress in investigation of 24-year-old woman’s death

    0 shares
    Share 0 Tweet 0
BBSCL

Bhutan Broadcasting Service (BBS) is Bhutan’s primary national broadcaster, delivering diverse news and entertainment in multiple languages, fostering cultural understanding and public knowledge.

Follow us on social media:

Recent News

  • Data reduction plan stalled, DHI asks for detailed study
  • Tsirang boosts organic farming with seventh vermicompost plant
  • Chain link fencing helps revive abandoned farmland in Chhoekhorling, Pema Gatshel
  • Residents seek farm road linking Kangpar and Lauri Gewogs
  • Land development project brings new life to farmland in Norbugang Gewog

News Category

  • Accidents
  • Agriculture
  • Announcement
  • Audience Survey Report
  • Business
  • Crime/Legal
  • Culture
  • Development
  • Disaster
  • Economy
  • Education
  • Entertainment
  • Environment
  • Feature
  • Featured
  • Festival
  • GMC
  • Headlines
  • Health
  • Legal
  • Literature
  • Livestock
  • Media
  • Other Stories
  • Politics
  • RCSC
  • Recent stories
  • Religion
  • Sci/Tech
  • Social
  • Sports
  • Technology
  • Tourism
  • Uncategorized
  • Video
  • Video Story
  • Wildlife
  • Webmail
  • Contact Us
  • About BBS
  • Privacy & Policy

© 2024 BBSCL. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule

© 2024 BBSCL. All rights reserved.