Bhutan: Recent Economic Developments
March 15, 1994
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This paper describes economic developments in Bhutan during the 1990s. The paper discusses the fiscal outcome in 1993/94 (July–June) and the main elements of the authorities’ budget proposals for 1994/95. It assesses monetary and credit developments, as well as the major initiatives adopted by the authorities in the area of financial sector reform. The paper analyzes balance-of-payments developments in 1993/94 and changes in the exchange and trade system. The paper also highlights that output was estimated to have risen by more than 5 percent in 1993.
Subject: Budget planning and preparation, Credit, Economic sectors, Foreign exchange, Imports, International trade, Monetary base, Money, Public enterprises
Keywords: balance of payments development, Bhutan, Bhutan's balance of payments statistics, CR, Credit, excess reserves, hard currency, Imports, ISCR, Monetary base, monetary management, Public enterprises
Pages:
59
Volume:
1994
DOI:
Issue:
007
Series:
Country Report No. 1994/007
Stock No:
1BTNEA0011994
ISBN:
9781451806205
ISSN:
1934-7685
Notes
This report on recent economic developments in Bhutan was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.
