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

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3. Grants a. GoI Program Grants 800.00 7.96 b. GoI Project Grants 540.343 5.38 c. Other Grants 1,578.088 15.71 4. Financing a. Project-tied Borrowings 941.024 9.37 b. Resource Gap 1,037.101 10.42 Total 10,047.144 100.00 In order to maintain fiscal discipline and keep the resource gap within manageable levels, the proposed budget for the year 2001-2001 at Nu. 10,047.144 million, is only 3.5 percent higher than the revised budget of Nu.9,704.934 million for the previous year. This increase is reasonable considering inflation and cost of new establishments. The national revenue forecast is Nu. 4,613.271 million, which is 2.7 percent higher than in the pervious year. As in the past, we will be able to cover our current expenditure with the domestic revenue. The grant projection for the coming year stands at Nu. 2,918.431 million, (29.05 percent). Project-tied borrowing is expected to be Nu. 491.024 million,(9.37 percent of total expenditure) making a substantial increase from the revised budget of the past year mainly on account of the expected increase in disbursement for the numerous loan projects that are underway. The resource gap is anticipated to be Nu.1,047.101 million(10.42 percent). In order to cope with the anticipated resource gap, the Ministry of Finance has initiated measure to encourage financial discipline and control expenditure. We would like to assure the honourable members that the Ministry of Finance 282
would continue to monitor the size of the resource gap and keep it at an affordable level. Sector wise allocation In terms of sectors, the allocations are as summarized below: Sector Allocation of Financial Year 2001-2002 Budget 283 Nu. In millions Sector Amount Percent Health and Education 2,504.538 24.93 Agriculture 1,184.972 11.79 Human Settlements 715.204 7.12 Communication 183.312 1.83 Roads 1,138.377 11.33 Energy(excluding mega projects) 1,289.194 12.83 General Public Services 1,732.991 17.25 National Debt Service 316.866 3.15 Others 981.870 9.77 Total 10,047.144 100.00 Social Sector The Royal Government has allocated a quarter of its budget to the health and education sector. This is an indication that the Royal Government continues to accord the highest priority to the social sector. A well educated and a healthy population are the most important requirements for the development and security of the nation.
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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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country depend upon the presence of
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The National Assembly has the full
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 245 and 246: people of different geogs to identi
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
Page 253 and 254: that it has become a majestic icon
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Page 257 and 258: those belonging to neighbouring Dzo
Page 259 and 260: secondly due to the concerted effor
Page 261 and 262: of a child, the Hon’ble chairman
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 277 and 278: opportunities and challenges associ
Page 279 and 280: 3. Grants a. GoI Program Grants 800
Page 281: While there was a substantial incre
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Page 287 and 288: power tariff for the rural consumer
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 299 and 300: climate for private sector developm
Page 301 and 302: 4. Gross International Millions of
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