Import bill to hit over Nu 100B this year

If the country imported Nu 30 billion (B) worth of goods in the last three months this year, the import bill would hit over Nu 120B.

The total import bill at Nu 93.03B as of September this year already surpassed one-year’s import of Nu 90.23B in 2021. About 70 percent was imported from India.

Recurrent budget cut for financial prudence: FM

The government cut the recurrent expenditure from the last fiscal year...

Fiscal deficit expected to drop to 5 percent by June, FM says

Bhutan’s fiscal deficit would drop below 5 percent from 11.01 percent...

Remittance drops by 11 percent

What was feared and a concern, inflow of remittance has dropped...

Potato exporters not receiving full INR payment 

Export of potatoes has started earning INR (Rupee). Between September 5 and...

Export of ferrosilicon resumes with BIS certification extension 

Export of ferrosilicon, which was on hold since October 24, has...

At Nu 256.99B National debt is at moderate risk 

The country’s national debt as of September was Nu 256.99 billion...

Foreign exchange quota misuse affects reserve

The foreign currency reserve is dwindling, risking the country’s ability to...

Private sector to re-submit requests to central bank on MMIV and NPL issues

Despite several submissions to consider the businesses’ recommendation on the monetary...

Ngultrum value drops in Jaigaon

Illegal trading of the Indian Rupee (INR) against Bhutanese currency (Nu)...

INR reserve below central bank’s required threshold 

Bhutan’s rupee reserve (INR) has dropped below the central bank’s required...

Bhutanese products gain access to international markets

The Bhutanese traditional products by artisans and farmers, gained access to...

Illegal sand being sold at double the price

With delayed sand supply from the Sha region in Wangdue, some...

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