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Bhutan Selected Issues

Bhutan  Selected Issues PDF

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Author: International Monetary Fund. Asia and Pacific Dept
Publisher: International Monetary Fund
ISBN: 1498399762
Size: 32.95 MB
Format: PDF, ePub, Mobi
Category : Business & Economics
Languages : en
Pages : 29
View: 5425


This Selected Issues paper describes the current tax system in Bhutan and suggests options for tax policy reform. Though significant hydropower revenues are expected in the medium term as major projects come on-stream, reforms to the existing tax system in the interim will generate fiscal room and prevent recourse to domestic debt to finance development needs. Key reforms include reducing tax exemptions in the near term and introduction of value-added tax in the medium term. The paper also analyzes the adequacy of international reserves in Bhutan using a customized risk-weighted metric. The results indicate that Bhutan’s reserve levels are ample.

Bhutan

Bhutan PDF

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Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1452777810
Size: 73.37 MB
Format: PDF, ePub, Mobi
Category : Business & Economics
Languages : en
Pages : 56
View: 3836


This Selected Issues paper and Statistical Appendix on Bhutan underlie the macroeconomic impact of Tala, rapid private sector credit growth, and macroeconomic risks. In Bhutan, as the bulk of Tala-related flows go through the government accounts, this requires an appropriate fiscal stance and skillful expenditure management. Strong economic growth will require and lead to a deepening and further development of the financial system in Bhutan. The financial sector seems to be relatively shielded from adverse events, although risks remain.

Bhutan

Bhutan PDF

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Author: Adil Mohommad
Publisher:
ISBN:
Size: 13.87 MB
Format: PDF, ePub
Category : Tax administration and procedure
Languages : en
Pages : 79
View: 905


"The first chapter describes the current tax system and suggests options for tax policy reform in Bhutan. Though significant hydropower revenues are expected in the medium term as major projects come on-stream, reforms to the existing tax system in the interim will generate fiscal room and prevent recourse to domestic debt to finance development needs. Key reforms include reducing tax exemptions in the near term and introduction of VAT in the medium term. The second chapter analyses the adequacy of international reserves in Bhutan using a customized risk-weighted metric. The results indicate that Bhutan's reserve levels are ample. Notwithstanding this adequate buffer, there are significant challenges to reserve management as hydro-related debt service is lumpy and there is a currency mismatch between the composition of reserves and that of trade and debt service flows which can create short-term pressures. The third chapter looks at the prospects for diversification of growth in Bhutan. Dependence on hydropower is set to increase, and exports will likely continue to become less diversified. As well, employment gains from hydropower generation are limited. Potential alternative sources of growth to hydropower - such as tourism, agri- business, and energy intensive activities - do exist, but require policy interventions addressing key structural deficiencies such as shortage of skilled labor and access to finance and an effort to address other business climate issues"--Abstract.

Bhutan Selected Issues

Bhutan  Selected Issues PDF

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Author:
Publisher:
ISBN:
Size: 22.40 MB
Format: PDF
Category : Bhutan
Languages : en
Pages : 62
View: 2817


Recent economic developments: economic activity and prices; fiscal developments; monetary policy and developments; external sector developments. Eighth Five-Year Plan; background; objectives and strategy; key elements; and sectoral policies. Financial sector developments and reforms. Statistical tables.

The Far East And Australasia 2003

The Far East and Australasia 2003 PDF

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Author: Eur
Publisher: Psychology Press
ISBN: 9781857431339
Size: 25.14 MB
Format: PDF, ePub
Category : Asia
Languages : en
Pages : 1538
View: 1435


A unique survey of each country in the region. It includes an extensive collection of facts, statistics, analysis and directory information in one accessible volume.

Sri Lanka Selected Issues

Sri Lanka  Selected Issues PDF

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Author:
Publisher:
ISBN:
Size: 39.33 MB
Format: PDF, Docs
Category : Finance, Public
Languages : en
Pages :
View: 1928



The Stationery Office Agency Catalogue

The Stationery Office Agency Catalogue PDF

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Author: Stationery Office (Great Britain)
Publisher:
ISBN:
Size: 70.67 MB
Format: PDF, ePub, Mobi
Category : International agencies
Languages : en
Pages :
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Imf Survey

IMF Survey PDF

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Author: International Monetary Fund
Publisher:
ISBN:
Size: 77.60 MB
Format: PDF, Kindle
Category : International finance
Languages : en
Pages :
View: 3654



Nepal Selected Issues

Nepal  Selected Issues PDF

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Author:
Publisher:
ISBN:
Size: 79.86 MB
Format: PDF
Category : Banks and banking
Languages : en
Pages :
View: 5434



Vietnam Selected Issues

Vietnam  Selected Issues PDF

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Author:
Publisher:
ISBN:
Size: 64.12 MB
Format: PDF, Mobi
Category : Vietnam
Languages : en
Pages :
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