Bhutan: Govt. will exceed 11th Plan targets: PM

Bhutan: Govt. will exceed 11th Plan targets: PM

SAM Staff,
Bhutan Prime Minister Tshering Tobgay

The Bhutan government will not only achieve but exceed most of the 11th Plan targets by the end of its period, the Prime Minister assured in his state of the nation report that was presented to the Parliament on Monday.

The most challenging part in implementing the 11th Plan was that the Plan was not finalised and required funds were not secured when the government took over.

“The government took it as a challenge and mobilised the required funds. In fact, the Plan size increased from the earlier Nu 209B to Nu 216B and later to Nu 221B to give in desired impetus to realise the Plan goals,” the state of the nation report stated.

To make matters worse, the report stated that domestic revenue was not realised as projected due to the delays in completion of three big hydropower projects. It had a revenue implication of about Nu 21B.

Despite this, increased Plan size was possible because of increased assistance from the Government of India of Nu 50B, including the Nu 5B economic stimulus package. The three-fold increase in assistance from the Japanese government and the European Union also played a crucial role.

Prime Minister Tshering Tobgay presented the ‘state of the TsaWa-Sum,’ the triple gem – His Majesty The King, the country and the people.

He said that the reason Constitution mandates the Prime Minister to present the report is to ensure good governance – accountability.

He reported to the Parliament that as of December 11, 2016, His Majesty The King granted over 132,177 acres of land to 112,749 people. In addition, 2,675 students have benefitted from His Majesty’s education programme for the underprivileged students under the Gyalpoi Tozey.

To put the concept of Gross National Happiness into practice, the Prime Minister announced that an international conference on GNH would be held this year. Under His Majesty’s command, Lyonchhen informed that GNH for business, a forum to synergise GNH and business would be launched on November 11 this year.