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Ministry of Finance (Dzongkha: དངུལ་རྩིས་ལྷན་ཁག།; Wylie: dngul rtsis lhan khag) is a ministry of Bhutan is responsible to steer and sustain a robust economy through a dynamic fiscal policy and strong culture of fiscal discipline.
Ministry of Economic Affairs (Dzongkha: བཟོ་གྲྭ་ཚོང་འབྲེལ་དང་ལཱ་གཡོག་ལྷན་ཁག།; Wylie: bzo grwa tshong 'brel dang lཱ gyog lhan khag) renamed the Ministry of Industry, Commerce and Employment (MoICE) is ministry of Bhutan responsible for proper management of economy, productive employment and promotion of private sectors in ...
In 2000, Bhutan enacted its Sales Tax and Customs Excise Act. The Act sets forth the duty to pay sales tax and excises on goods and services within Bhutan as well as customs on imports according to rates and schedules published by the Ministry of Finance. [3]
Ministry of Education and Skills Development (Bhutan) F. Ministry of Finance (Bhutan) Ministry of Foreign Affairs and External Trade (Bhutan) H.
Prior to the establishment of the RMA in 1982, functions relating to central banking were conducted principally by three agencies viz., the Ministry of Finance, State Trading Corporation of Bhutan and Bank of Bhutan. The Ministry of Finance was the currency issuer of Ngultrum (the Bhutanese currency) and had printed and issued the first ...
He was elected to the National Assembly of Bhutan in the 2018 elections for the Dokar-Sharpa constituency. [5] He received 4,155 votes and defeated Chencho Dorji, a candidate of Druk Phuensum Tshogpa. [6] On 3 November, Lotay Tshering formally announced his cabinet structure, and Namgay Tshering was named as the Minister for Finance. [7]
The Ministry of Finance of Bhutan is the sole shareholder of the holding company. Druk Holding & Investments owns 10 state-owned companies in Bhutan, it owns at least 51% of the capital in 4 more subsidiaries, including the Bank, and minority stakes in 5 other companies.
The Ministry of Finance issued its first banknotes in 1974 in denominations of Nu.1, Nu.5, Nu.10 and Nu.100. This was followed by the establishment of the Royal Monetary Authority of Bhutan as the central bank of Bhutan in 1982, which took over the authority to issue banknotes in 1983, replacing the authority of the Ministry of Finance. [7]