Bhutan’s first govt. bond, worth Nu 3B, well-received 

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The issuance of the first-ever sovereign or government bond worth Nu 3 billion (B) with a three-year maturity period has been well-received and fully subscribed.
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Budget targets 2 percent GDP growth

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Taking into consideration the impact of the Covid-19 pandemic on the economy, the government has set five fiscal policy targets, including containing the GDP growth at a minimum of 2 percent, in the fiscal year (FY) 2020-21.
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Domestic revenue to fall by 14 percent

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The domestic revenue for fiscal year 2020-21 is estimated at Nu 33,189 million (M), which is one of the lowest in the recent past.
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Budget increases by 14 percent amid fall in domestic revenue

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The annual budget for the fiscal year (FY) 2020-21 has reversed the trend of increasing share of current expenditure vis-à-vis the capital expenditure.
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Local economy bounces back in Phuentsholing

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There is normalcy returning to Phuentsholing, the busiest commercial hub in the country.
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Meat import increases by 10 percent

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The import of meat increased to more than 12,102 metric tons (MT) in 2019 from 10,978MT in 2018, an increase of slightly more than 10 percent in one year, according to a recently released Renewable Natural Resources (RNR) annual statistics.
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Nu 27B trade deficit last year, lowest in five years

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Bhutan’s trade deficit last year stood at Nu 27 billion (B), a decrease from Nu 30B and Nu 29.6B in 2018 and 2017 respectively. This is the lowest in five years, according to Bhutan Trade Statistics (BTS) 2019.
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Covid-19 takes economy back to square one

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The economy is having its worst year in the recent history with the GDP growth projected to decline by anywhere between 1-2 percent depending on how long the pandemic lasts.
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E-commerce picks up, as Covid-19 discourage outing

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You name it— foods, clothes, books, drink and online fitness classes—global Covid-19 pandemic has created a massive demand for e-commerce and online shopping platforms in recent months within the country.
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Fuel prices continue to drop

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Fuel prices have dipped to almost a decade low owing to Covid-19 pandemic.   The petrol price in Thimphu has decreased to Nu 49.91 a litre. A litre of diesel now costs Nu 46.73. 
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BIT and CIT deadline deferred to June 30

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Business Income Tax (BIT) and Corporate Income Tax (CIT) filing for 2019 has been deferred until June 30. As if they knew it was coming, not many paid the CIT or the BIT although the deadline to file the tax ends on March 31, two working days from today.
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COVID-19: Immediate need to keep tourism employees economically engaged

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The two-week tourist ban due to the novel coronavirus (COVID-19) scare, which is expected to prolong, will hit the livelihoods of thousands of employees in the tourism and allied sectors. 
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Seven percent GST across all board will eliminate 11 BST slabs

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Should the Parliament pass the GST law, tax regime in the country would be digitised and integrated through an on-line platform. During a consultative meeting with the members of the private sector at the Bhutan Chamber of Commerce and Industries (BCCI) office yesterday, Lyonchhen Dr Lotay Tshering said that GST is the way forward to institute a 21st-century tax regime.