Responsible government?

June 20, 2012Posted inEconomy66 Comments
"As the Honourable Members are aware, our balance of payments with India has been worsening and the RMA has been facing a severe scarcity of Indian Rupees..." That was the finance minister's opening line when he introduced the Tax Revision Bill in the National Assembly earlier today. Yes, our balance of payments with India is in bad shape. And we are facing a severe shortage of Indian currency. In other words, we face a rupee crisis. We have a crisis in our hands. And it's no point playing the blame game. We must work together - we must think…

Thank you

April 4, 2012Posted inEconomy, Government23 Comments
A couple of late meetings prevented me from watching TV last night. So I watched BBS TV’s rebroadcast this morning. In particular, I watched Lyonpo Yeshey Zimba, the officiating prime minister, and Lyonpo Wangdi Norbu, the finance minister, talk about the current economic situation. I thank the government for going on national TV to explain the ongoing currency situation to the public at large. The two ministers are our most experienced financial experts. The two of them have served as finance ministers for a combined total of 14 years, and as finance secretaries for more than 10 years. So…