APFANEWS

Annual budget to increase

Published on Jan 21 2009 // Main News
Thimphu, January 21: Shortly after increasing salaries of the government employees and the members of parliament, the DPT-government has increased the annual budget layout by Nu 8.3 billion to the original budget of Nu 23 billion.
Government said budget estimations have been increased after the government of India agreed to release Nu 5.5 billion grants committed for tenth five year plan and increase in internal revenue of Nu 2 billion from Tala project. Additionally, few other donors have released Nu 58 million.
New government estimates say that total resources will now be increased from Nu 15 billion to 23 billion reducing the resource gap from Nu 6.804 billion to Nu 1.631 billion.
Domestic revenue increment estimates has been raised from Nu 11.932 billion to Nu 13.963 billion of which Nu 11.768 billion is for recurrent expenditures. The new estimates do not incorporate the newly hiked salaries, which is likely to increase the size of the annual budget further.
Most of the capital expenditure estimates of Nu 14.630 billion will be covered from Indian grants. Bhutan News Service
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