Bhutan proposes major changes in 2020-21 annual budget
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Https, May 24 -- The Bhutanese government has come up with major changes in the annual budget 2020-21, which will see a significant increase in the overall allocation, as part of its strategy to offset the economic impact of Covid-19 pandemic.
One of the major changes, Finance Minister Namgay Tshering told Kuensel, is that the government will allocate recurrent budget to all budgetary agencies including ministries and dzongkhags as block grants.
This means that individual agencies will independently utilise the recurrent budget based on their needs and priorities. This system has been applicable to gewogs only so far.
Lyonpo Namgay Tshering said, "With this introduction of the block grant system, we are trying to ensure that everyone t...
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