Sunday, August 24, 2025
  • GMC
  • Webmail
  • Contact Us
  • About BBS
  • Privacy & Policy
ENG
DZO
BBSCL Logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • Announcement
  • More
    • 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
  • Announcement
  • More
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
No Result
View All Result
BBSCL logo

Opposition Party calls Economic Stimulus Programme irrelevant or unnecessary

January 16, 2025
in Other Stories
Reading Time: 2 mins read
0
0
SHARES
1.8k
VIEWS
Share on FacebookShare on Twitter

The Opposition Party do not find the Economic Stimulus Programme or ESP relevant or necessary. During a press conference today, the Opposition Party said that the ESP, which the government introduced as a means to revive the country’s economy is not needed. The opposition shared that the Nu 15bn fund should instead be redirected for other purposes.

The Opposition Party said that they have been consistently reminding the government of the shortcomings of the Economic Stimulus Programme.

Additionally, the Opposition Party said that with financial risks outweighing the benefits, financial institutions were reluctant to participate in delivering the ESP.

Loday Tsheten, Gangzur_Minjey MP said “After the pandemic, thanks to His Majesty’s various initiatives, the economy recovered from a negative 10 per cent contraction to 4 per cent growth. Now, the RMA has projected that the economy will grow by 10 per cent. Considering this, we believe there is no need for another economic stimulus plan.

He added that the amount would instead be more useful in implementing the 13th Five-Year-Plan.

“Instead, we have suggested to the government that the 13th Five-Year-Plan, which has deficits in billions, could benefit from the Nu 15bn allocated for the ESP. This allocation could be used to address the deficits rather than resorting to borrowing.”

He added that people struggling desperately, such as those reportedly willing to sell their organs to repay loans as highlighted by the media, could be helped with the budget instead.

The Opposition Party remains concerned about the outcome of the Economic Stimulus Programme.

Gangzur_Minjey MP said “The Nu 15bn has not been used efficiently. I have no say on how it is stimulating the economy, but people are continuously facing challenges in accessing it. However, this does not mean that the government is not doing its job; rather, they are working to improve the system.”

More than Nu 280 M has been disbursed from the Economic Stimulus Programme fund as of last month.

Kinzang Lhadon

Edited by Yeshi Gyaltshen 

Previous Post

Bhutan’s disaster preparedness remains inadequate – World Bank’s “Crisis Preparedness Gap Analysis”

Next Post

Prime minister instructs vehicle dealers to refund customers for overcharged Green Tax

Next Post
Prime minister instructs vehicle dealers to refund customers for overcharged Green Tax

Prime minister instructs vehicle dealers to refund customers for overcharged Green Tax

Moon gazing to raise funds for kidney patients

Moon gazing to raise funds for kidney patients

Classes XII and VIII pass percentage drops in 2024

Classes XII and VIII pass percentage drops in 2024

RECOMMENDED NEWS

Classes X and XII Bajo HSS students relocated to Gaselo HSS

Classes X and XII Bajo HSS students relocated to Gaselo HSS

4 years ago
39
HH Je Khenpo administers Gelong vows to more than 700 monks

HH Je Khenpo administers Gelong vows to more than 700 monks

3 years ago
4

Man charged with attempt to voluntary manslaughter and assault of a policeman

9 years ago
1

Stipend for RUB students yet to be raised

6 years ago
10

BROWSE BY CATEGORIES

  • Accidents (15)
  • Agriculture (484)
  • Announcement (193)
  • Audience Survey Report (1)
  • Business (776)
  • Crime/Legal (382)
  • Culture (52)
  • Development (59)
  • Disaster (57)
  • Economy (304)
  • Education (439)
  • Entertainment (19)
  • Environment (79)
  • Feature (66)
  • Featured (9)
  • Festival (84)
  • GMC (20)
  • Headlines (8)
  • Health (655)
  • HYDROPOWER (1)
  • Legal (62)
  • Literature (10)
  • Livestock (81)
  • Media (27)
  • Other Stories (5,935)
  • Politics (422)
  • RCSC (2)
  • Recent stories (7)
  • Religion (46)
  • Sci/Tech (726)
  • Social (614)
  • Sports (482)
  • Technology (202)
  • Tourism (25)
  • Uncategorized (13,873)
  • Video (142)
  • Video Story (258)
  • Wildlife (43)

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
  • Authorities link 23 TikTok accounts to online shopping-based gambling, freeze 26 other bank accounts

    0 shares
    Share 0 Tweet 0
  • Trongsa Viewpoint Resort up for auction once again

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

    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

  • Three education consultancies notified of suspension say they seek clarity and plan to appeal against authority’s decision
  • Two cases involving 13 smuggled puppies intercepted since last year
  • New processing centre brings hope to Bangyul Cotton Farmers’ Detshen
  • Chamkuna road, stretch between Phuentshogling Thromde and Amochhu Bridge leaves commuters frustrated
  • Special Olympics Bhutan contributes sports gear worth Nu 430,000 to inclusive schools

News Category

  • Accidents
  • Agriculture
  • Announcement
  • Audience Survey Report
  • Business
  • Crime/Legal
  • Culture
  • Development
  • Disaster
  • Economy
  • Education
  • Entertainment
  • Environment
  • Feature
  • Featured
  • Festival
  • GMC
  • Headlines
  • Health
  • HYDROPOWER
  • Legal
  • Literature
  • Livestock
  • Media
  • Other Stories
  • Politics
  • RCSC
  • Recent stories
  • Religion
  • Sci/Tech
  • Social
  • Sports
  • Technology
  • Tourism
  • Uncategorized
  • Video
  • Video Story
  • Wildlife
  • GMC
  • 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
  • Announcement
  • More
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule

© 2024 BBSCL. All rights reserved.