June 11, 2014
The 17th sitting of the 13th Session of the National Council witnessed the introduction of the Budget & Appropriation Bill 2014-2015 by the Minister for Finance and the adoption of the supplementary budget Appropriation Bill for the Financial Year 2013-14.
In presenting the Budget & Appropriation Bill 2014-15 to the House, the Hon’ble Minister highlighted the summary of annual financial statement, past macroeconomic performance, revised budget estimate for the financial year (FY) 2013-14 and FY 2014-15, tax measures, macro-economic outlook in the medium term, report on the state owned enterprises, report on Royal Monetary Authority and National Pension and Provident Fund, and the report on trust funds.
The members sought clarifications from the Minister on various aspects of budget such as increase in the current expenditure vis-à-vis decrease in capital expenditure, criteria for budget allocation for black topping of farm roads and urban development, taxation on alcohol and other domestic products; government subsidies, inflation, employment etc. Read More »
June 9, 2014
The 16th Sitting of the 13th Session of the National Council deliberated on four issues namely, the review of issue pertaining to distribution of liquefied petroleum Gas and Superior Kerosene oil in Bhutan, Policy Review on Import of secondhand Electrical Vehicles, follow up on the resolutions of 12th session of the National Council and on the respond received from the National Assembly to the proposal made by the National Council on the withdrawal of Right to Information (RTI) Bill.
The Chairperson and the members of the Economic Affairs Committee (EAC) presented a report on the review of the distribution of Liquefied Petroleum Gas (LPG) and Superior Kerosene Oil (SKO) in the country. The report was based on the directive of the House during the 11th session of the National Council 2013 pertaining to the LPG and SKO. The review report comprises of data analysis, observation and summary of recommendations by the Committee. During the deliberation on the review report, the members submitted their views and additional recommendations for the Committee to consider. The EAC was further directed to finalize the recommendations taking into account the proposals of the members.
The Deputy Chairperson of the National Council submitted a review report on import of secondhand electric vehicles. He highlighted the background and rationality of the government’s decision to import secondhand electrical vehicles. Most members, while appreciating the government’s decision to find alternatives to fossil fuel import, they were against the import of used cars as it contravened the existing law banning import of second hand vehicles. Read More »