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Government to undertake plans and initiatives at reviving country’s economy in next one year : State of the Nation report

July 4, 2024
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The prime minister during the presentation of the State of the Nation report in the joint sitting today shared various plans and initiatives the government will undertake aimed at reviving the country’s economy in the next one year. Some of the plans are the formalisation of the 21st-century economic roadmap, road development, and digital transformation and education reforms among others.

The prime minister presented various plans and priorities to revive and develop the economy along with the development of the agriculture and livestock sector, human resource, culture and heritage, and enhancement of diplomatic relations within the span of this year and next year.

Additionally, he said for economic revival and development, the government will formalise the 21st-century economic roadmap.

Moreover, low-interest loans will be given to private sectors to support businesses, to farmers for improvement of agriculture and livestock activities and to facilitate homeownership for homeless individuals.

For road development, the prime minister said the government will widen the 11 national highways and construct seven new highways. Similarly, 20 Gewog Centre roads will be repaired and blacktopped along with the repairing of 200 chiwogs roads.

He added that for agriculture and livestock development, the government will install chain-link fencing in 200 chiwogs and construct 47 new irrigation channels.

For ICT development, a third internet gateway will be established, and internet tariff charges will be reduced according to the prime minister.

For culture and heritage, he said the government will continue the construction of Sarpang Dzong and many other sacred temples will be renovated.

For human resource development, the prime minister emphasised that the Gyalsung project will play a significant role.

Additionally, 63 schools will be upgraded to central schools and vocational training will also be upgraded and promoted according to the prime minister. The government will also collaborate with the Bhutan Olympic Committee for sports development. Furthermore, the government will continue working towards the completion of ongoing hydropower projects and starting new ones.

The prime minister also mentioned that the government will present Tax Amendment Bill in the next parliamentary session.

“This year, unless it is really required, the government has no plans to introduce new legislative bills. However, in the winter session, we plan to present the Tax Amendment Bill. The bill will be presented in order to develop the private sector and the economy.”

He added that the government will continue improving existing policies and formulating new policies in the next one year.

Singye Dema/ Kinzang Lhadon/ Samten Dolkar

Edited by Kipchu 

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