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Deliberation on the National Budget for Financial year 2016-17

Posted on :09 June 2016

The Chairperson of Finance Committee presented its report on the National Budget Report for the Financial year 2016-17 to the National Assembly today. The Budget Report  for FY 2016-17 was referred to Finance Committee on 1st June 2016. The Finance Committee presented 18 issues and 10 recommendations. The chairperson also reported that, more than 90 officials attended the multi-stakeholders consultative meeting which was coordinated by Finance Committee along with Ministry of Finance with the objective to enhance coordination between different budgetary agencies.

 

Deliberating on the report, the majority of members supported the newly introduced Dzongkhag Development Grant of Nu. 7 million each from the FY 2016-17 which was considered as a good initiative as per the decentralization policy. However it was cautioned that it should be implemented with proper guidelines, as it was felt that there were issues on the implementation of Gewog Development Grant as per the Royal Audit Authority’s observation.

 

The House also thoroughly deliberated on development of manufacturing industry and private sector development, unemployment issues and  made few submissions.

 

The deliberation on the budget will continue tomorrow after question hour including the money bill and sector allocation budget.

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