12TH PLAN ALIGNED WITH GOV­ERN­MENT’S TERM

Business Bhutan - - Business -

Bhutan is sup­posed to have en­tered the 12th Five Year Plan pe­riod on July 1 last year, how­ever, the 12th Plan start date was moved to Novem­ber 1 to align the plan pe­riod with the gov­ern­ment’s ten­ure.

This means that the 12th Five Year Plan pe­riod is now from 1 Novem­ber, 2018 to Oc­to­ber 31, 2023. Mean­while, all five year plans till date be­gan in July in line with the fis­cal year dates.

The elec­tions have been at­trib­uted as rea­son for cre­at­ing a gap in the gov­ern­ment tak­ing of­fice and planned com­mence­ment of the five year plan.

Mean­while, the fis­cal year dates will re­main the same and the first fis­cal year of the 12th FYP be­gins from last July and ends on next June.

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