Saturday, June 7, 2025
  • 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

13th FYP budget outlay at Nu 512bn, aims for high-income status by 2029

June 13, 2024
in Economy, Other Stories
Reading Time: 2 mins read
0
0
SHARES
22
VIEWS
Share on FacebookShare on Twitter

The 13th Five Year Plan (FYP) is estimated to have a total resource of over Nu 456bn. While more than 70 percent of the revenue is expected to be generated from domestic revenue, grants are expected to constitute the remaining amount. The fiscal policy for the 13th FYP is to ensure robust, inclusive economic growth while maintaining fiscal prudence and macroeconomic stability.

The estimated resource allocation of Nu 456bn is against a projected expenditure of Nu 512bn for the 13th FYP.

Inside the fiscal framework, tax revenue constitutes more than Nu 230bn, while non-tax revenue is estimated at over Nu 96bn. Domestic revenue shows more than 71 per cent growth from the 12th FYP. This revenue is anticipated to cover the current expenditure entirely and finance approximately 24.5 percent of capital expenditure.

The total grant for the next five years is estimated at Nu 125bn. A major portion of the external grant is the Nu 85bn from the Indian government, and the remaining are contributions from the European Union (EU), Japan, UN agencies and other development partners.

Meanwhile, in the expenditure front, current expenditure is estimated at a little more than Nu 267bn, while capital expenditure stands at Nu 245bn. According to the draft 13th FYP report, the growth in current expenditure primarily reflects increases in pay and allowances, general provisions, and interest payments for hydro-loans.

Moreover, by 2029, the 13th FYP aims for achievement of high-income status with a GDP of USD 5bn through innovation and sustainability. It is expected to create a healthy, productive society with equitable, high-quality health, education, and social protection.

The plan also focuses on strengthening the country’s sovereignty, security, unity, and economic prosperity, while enhancing a trusted governance system to accelerate economic growth and improve the quality of life for its citizens.

Further, to enable efficient public service delivery, the 13th FYP intends to address contradictory policies to foster efficient implementation.

Investments will be made in strategic infrastructure such as roads, bridges, airports, and railways. Moreover, the plan document includes enhancing food and nutrition security, promoting tourism in districts, strengthening resilience against cyber threats, and enhancing disaster preparedness and resilience.

Additionally, Nu 72bn has been allocated to the Local Government in the 13th FYP to ensure fairness, transparency, and effectiveness in resource distribution to address local development needs.

Samten Dolkar/Kinzang Lhadon

Edited by Yeshi Gyaltshen

Previous Post

Daga United taken to ACC for alleged match-fixing scandal

Next Post

NC’s Good Governance Committee presents recommendations to address Gungtong and Satong issues

Next Post
NC’s Good Governance Committee presents recommendations to address Gungtong and Satong issues

NC’s Good Governance Committee presents recommendations to address Gungtong and Satong issues

Nu 97.6bn for FY 2024-2025, fiscal deficit at Nu 15.9bn

Nu 97.6bn for FY 2024-2025, fiscal deficit at Nu 15.9bn

Education and health allocated over one third of 2024-2025 fiscal budget

Education and health allocated over one third of 2024-2025 fiscal budget

Please login to join discussion

RECOMMENDED NEWS

NC questions MoWHS Minister on Damchu-Chhukha bypass

11 years ago
1

PM graces inaugural flight to Gelephu domestic airport

13 years ago
1
Trongsa Dzongkhag Tshogdue to decide course of action against Langthil gup

Trongsa Dzongkhag Tshogdue to decide course of action against Langthil gup

10 years ago
4

PDP deeply concerned about “weakening friendship”: Tshering Tobgay

12 years ago
5

BROWSE BY CATEGORIES

  • Accidents (14)
  • Agriculture (426)
  • Announcement (174)
  • Audience Survey Report (1)
  • Business (744)
  • Crime/Legal (367)
  • Culture (47)
  • Development (51)
  • Disaster (57)
  • Economy (277)
  • Education (412)
  • Entertainment (13)
  • Environment (60)
  • Feature (65)
  • Featured (6)
  • Festival (78)
  • GMC (14)
  • Headlines (6)
  • Health (622)
  • Legal (52)
  • Literature (9)
  • Livestock (75)
  • Media (25)
  • Other Stories (5,574)
  • Politics (419)
  • RCSC (1)
  • Recent stories (5)
  • Religion (45)
  • Sci/Tech (709)
  • Social (515)
  • Sports (449)
  • Technology (190)
  • Tourism (19)
  • Uncategorized (13,866)
  • Video (136)
  • Video Story (249)
  • 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
  • Newspaper accuses DPT candidate of political ploy

    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
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

  • RMA to roll out seven new measures for loan repayment support
  • National Housing Strategy to be ready by September
  • Bhutan begins NFT sales, to preserve heritage
  • City bus viability raised in parliament, MoIT minister cites past privatisation failures
  • Paro MP questions airport expansion impact on affected landowners

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
  • 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.