Tuesday, May 20, 2025
  • Contact Us
  • About BBS
  • Privacy & Policy
ENG
DZO
BBSCL Logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • 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
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
No Result
View All Result
BBSCL logo
Radio LIVE

Bhutan’s economy projected to rebound to more than 6 % this year after the commissioning of Mangdechhu

January 30, 2020
in Uncategorized
Reading Time: 2 mins read
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

With the commissioning of the Mangdechhu hydropower project, Bhutan’s economy is projected to rebound to more than six per cent this year. This was highlighted in the 2019 Royal Monetary Authority annual report released yesterday.

Presenting the key highlights of the report, RMA Governor Dasho Penjore, said commissioning of hydropower is important as it is one of the main triggers of economic growth for Bhutan. The report highlighted that economic growth slumped to a low of three per cent in 2018. This was largely driven by a drop in public investment and a decline in hydroelectricity production.

“Once Mangdechhu is commissioned, we will reach a peak of around 6.7 per cent. But again the issue is sustenance. So what is next after Mangdechhu? Now that is why the government is also putting in a lot of focus on diversification. So we peak through hydropower commissioning then if we want to sustain at that level then other activities has to kick in. So that is why we have comfort that in 2020 the GDP will rebound back to 6.7 per cent with Mangdechu and the flagship projects and CSIs will actually sustain the growth,” said dasho Penjore.

The Governor added that while GDP was affected by the delay in hydropower, it was further affected because of the rolling budget of the government to transition from 11th to 12th plan.

Sharing his concerns, Prime Minister said, there is a need to change the way how the five-year plans are planned.

“One of the reasons for the fluctuations in the spike is the 12th Five-year plan and I feel that it is no more relevant. It has benefitted us immensely before, but now with development, it is important that we do some changes in the 12th Five Year Plan. The activities and programmes that will happen in 2028 have to be planned from the next year. For the 13th plan, we have to start preparing from 2021 and that has to be used till 2028. And we don’t know what kind of developments and technological advancement will happen in 2028,” said the Prime Minister Dr Lotay Tshering.

The report highlighted that the service sector continues to dominate the GDP followed by the industry sector and the agriculture sector.

Sonam Pem

Previous Post

Finals of U19 national badminton championship played today in Thimphu

Next Post

NA decides to waive off the 5 % voucher tax on all prepaid and postpaid users

Next Post

NA decides to waive off the 5 % voucher tax on all prepaid and postpaid users

Religious leaders meet to promote and enhance children’s well-being

Religious leaders meet to promote and enhance children's well-being

National minimum daily wage rate being studied

National minimum daily wage rate being studied

Please login to join discussion

RECOMMENDED NEWS

Khar Gewog starts large-scale sunflower cultivation for oil production

Khar Gewog starts large-scale sunflower cultivation for oil production

2 months ago
477

Better home insulation, a key to lowering carbon emissions

3 years ago
18
Government plans to construct 24 irrigation channels to address irrigation water in 13th FYP

Government plans to construct 24 irrigation channels to address irrigation water in 13th FYP

11 months ago
11
Kidu Medical Unit resumes its free medical services at Bodh Gaya

Kidu Medical Unit resumes its free medical services at Bodh Gaya

2 years ago
25

BROWSE BY CATEGORIES

  • Accidents (14)
  • Agriculture (419)
  • Announcement (172)
  • Business (739)
  • Crime/Legal (363)
  • Culture (45)
  • Development (49)
  • Disaster (56)
  • Economy (269)
  • Education (404)
  • Entertainment (11)
  • Environment (53)
  • Feature (65)
  • Featured (6)
  • Festival (77)
  • GMC (13)
  • Headlines (6)
  • Health (613)
  • Legal (51)
  • Literature (9)
  • Livestock (73)
  • Media (24)
  • Other Stories (5,479)
  • Politics (418)
  • RCSC (1)
  • Recent stories (6)
  • Religion (44)
  • Sci/Tech (708)
  • Social (487)
  • Sports (445)
  • Technology (190)
  • Tourism (17)
  • Uncategorized (13,865)
  • Video (128)
  • Video Story (241)
  • Wildlife (39)

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

    0 shares
    Share 0 Tweet 0
  • Newspaper accuses DPT candidate of political ploy

    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

  • National Council to discuss on the forestry sector’s contribution to GDP
  • Bhutan drafts vision to build resilient, competitive & export-driven honey industry by 2034
  • Journalists cite financial, legal, and bureaucratic hurdles undermining Bhutanese media
  • Dagana sets benchmark in disability inclusion
  • RENEW and education ministry strengthen sexuality education in schools

News Category

  • Accidents
  • Agriculture
  • Announcement
  • 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
  • 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
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule

© 2024 BBSCL. All rights reserved.