The Economic Affairs Committee of the National Council made two more recommendations on the Budget report. They were presented during deliberations on the Annual Budget Appropriation Bill and Supplementary Budget Appropriation Bill at the National Council today.
The committee recommended the government to direct the National Statistics Bureau to reexamine the method of calculating inflation and ensure that the calculation reflects the economic reality in Bhutan. Likewise, the committee also recommended the government to work closely with the Royal Monetary Authority to avert the possible violation of the Constitution and any other economic risks arising from the rapid depletion of the foreign reserves.
The House endorsed the two bills without any amendments. The Budget Report along with the Annual Budget Appropriation Bill for FY 2023-2024 and Supplementary Budget Appropriation Bill for FY 2022-2023 will be put to vote on Tuesday for formal endorsement or adoption.
Deki Lhazom
