1 TRANSLATION OF THE PROCEEDINGS AND ... - APFA News

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19 months of imports. The total debt to GDP ratio stands at 39.0 percent and the debt service ratio at 4.1 percent. The Ministry of Finance would like to inform the honourable members that we have been able to achieve the objective of meeting at least the current expenditure from domestic revenue. In order to meet the capital investments, we have been able to obtain grants from bilateral donors and highly concessional loans from the international financial institutions. Review of the Financial Year 2000-2001 The revised budget of the Financial year 2000-2001 stands as follows: Summary of Financial Year 2000-2001 Budget 278 Nu.in millions Expenditure Outlay Approved Revised 1. Current Expenditure 4,158.601 4,397.550 2. Capital Expenditure 4,922.623 5,023.352 3. Net lending 27.124 68.541 4. Repayment 215.363 215.491 Total 9,323.711 9,704.934 Sources of Finance Projected Revised 1. Domestic Revenue 4,210.584 4,492.825 2. Other Receipts & Balances 566.365 604.757
3. Grants a. GoI Program Grants 800.000 800.000 b. GoI Project Grants 1,420.153 863.446 c. Other Grants 1,345.016 1,647.266 4. Financing a. Project-tied Borrowings 817.956 496.622 b. Resource Gap 163.637 800.018 Total 9,323.711 9,704.934 There has been a 4 percent increase in the 2000-2001 revised budget. While the objective of controlling expenditures was vigorously pursued during the year, there were some important requirements for which additional budget allocation had to be considered. A supplementary budget of Nu. 278 million was provided for restoring bridges, water and power supply and road repair works after the unprecedented monsoon floods. Given the major infrastructure damage in the foothills, it will be another few years before we can complete the restoration works. The Royal Government also approved Nu. 260 million for the purchase of embassy buildings in New York, Geneva, and Bangkok. The purchase of these buildings will help us to save costs in the long run as well as strengthen our representation in these important cities. Furthermore, we were able to obtain favourable deals in all the purchases considering that real estate prices have been the best so far. 279
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I. Inaugural Ceremony TRANSLATION O
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The National Assembly ratified seve
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allot. A brief curriculum vitae of
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Sonam Wangchuk from Zhemgang won th
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Bodo militants in the country pose
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Goendeys in the country continue to
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1. The military capability of the a
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ate is 4.5%, and the balance of pay
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of the Basochhu Hydropower Project
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3. The Department of Education has
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As Gross National Happiness places
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Since people-centred development li
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Recognizing the deep reverence that
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conference. This is an indication o
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safeguard the sovereignty of the co
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They also expressed their profound
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ooklet on the financial report of Y
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Nu.260 million was spent on purchas
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Nu.381 million increase in the budg
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would be incurred. Although the cur
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udget presentation by the Hon’ble
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The fact that the debt service rati
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the territories of Assam and Bengal
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Since many of the plan projects cou
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issue of the Thimphu-Phuntsholing h
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the Department should ensure that t
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Sarpang Dzongkhag. He extended the
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The Speaker underlined the signific
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Kuensel and the Bhutan Broadcasting
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The Hon’ble Minister for Health a
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A Royal Advisory Councillor and the
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The Speaker noted that the governme
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failed to resolve the problem, ther
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serious resentment and animosity be
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The NDFB militants are fighting the
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affected the security of the countr
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The ULFA delegation said that they
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again to find a solution to the pro
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led by the Home Minister and the UL
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epresent a government since they ar
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Bhutanese people. Last December, wi
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ii. Two rounds of Security Coordina
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undergone militia training and serv
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left but to resort to military acti
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shops. In such situations, the loca
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would be better to act in accordanc
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He informed the members that, under
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and working to this end without eve
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security of the nation is of the ut
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however, be in our interest to endo
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agreement signed with the Royal Gov
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there was no longer any conscriptio
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genuine volunteers should be forwar
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the time to make excuses regarding
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militia force, and after returning
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The people’s representatives of T
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They wondered where all the organiz
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faction which does not have camps i
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pressing on this issue, the problem
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informed the house the Lhengyel Zhu
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apprehended and brought to justice.
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The Foreign Minister informed the h
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this regard, the Royal Government w
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who left after committing terrorist
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and the agreement reached by Bhutan
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2. The hon’ble members are aware
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verification provides ample time an
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In his presentation on the issue, t
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deliberately trying to delay the pa
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obbery and destruction of service i
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emain in the country. These people
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The people in the camps in Nepal co
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during the 14 th round, Bhutan had
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abide by the resolutions of the Nat
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However, it is most important that
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effective treatment or vaccine, and
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The Secretary also pointed out that
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supervision and guidance. The Assem
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local Forest Office. This takes abo
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4. To enhance sustainable use of fo
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For conifer species, Nu.40 per tree
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per truckload. Further, in order to
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A Royal Advisory Councillor said th
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workforce were reduced, the Bhutane
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issue. Furthermore, the Cabinet has
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numbering about 60,000 and coming t
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proposing the issue of the expatria
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Penden Cement Plants are Bhutanese.
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the government offices take the nat
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Punakha Chimi those people on whom
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the competence of the Bhutanese in
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are private sector candidates who r
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aspects and those who are unable to
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Jabmi. It would be beneficial if th
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fees for Jabmis would not be approp
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their decisions should be given due
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material inducements to innocent vi
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Another Chimi from Samtse Dzongkhag
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It is the responsibility of the Gup
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The Dorji Lopen of the Central Monk
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The Minister expressed appreciation
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Zhungtshog to direct the Government
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The Minister pointed out that Part
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Among many other provisions, the ac
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flourishes. A strong and clear Chat
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The Minister informed the Assembly
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In Article 12 of Chapter 4 on page
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Therefore, it is being submitted to
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high taxes, and those with low inco
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and in the interest of the poor, it
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Therefore, it is important that PIT
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session. Moreover, a revised copy o
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The rule of law is a basic requirem
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Page 231 and 232: The Punakha Chimi also commented on
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Page 241 and 242: XX. Expression of Appreciation and
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Page 247 and 248: gained by the members of the DYT an
Page 249 and 250: of the Kurichu Hydro Power Project.
Page 251 and 252: institutes besides centers of Buddh
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Page 259 and 260: secondly due to the concerted effor
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Page 263 and 264: order to avoid problems related to
Page 265 and 266: Of the five killed, four were fores
Page 267 and 268: and sorrow at the incident. He said
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Page 271 and 272: greatly undermine the friendship an
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Page 281 and 282: While there was a substantial incre
Page 283 and 284: would continue to monitor the size
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Page 289 and 290: The domestic revenue forecast for t
Page 291 and 292: Customs duties on yarn have been ab
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Page 295 and 296: The Royal Government is, therefore,
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Page 301 and 302: 4. Gross International Millions of
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