Financial Crime World

Bhutan’s Public Financial Management: A Comprehensive Review

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The Royal Government of Bhutan has released a comprehensive report detailing its spending for the fiscal year, aimed at ensuring transparency and accountability in public financial management.

Ministries and Agencies

Ministry of Finance (MoF)

The MoF is responsible for overseeing the country’s public finances. Its annual financial statement has been published as part of the report, along with statements from various departments:

  • Department of National Budget
  • Department of Public Accounts
  • Department of Macroeconomics Affairs

Other ministries and agencies covered in the report include:

Other Ministries and Agencies

  • Ministry of Home and Cultural Affairs (MoHCA)
    • Immigration
    • Local Governance
    • Disaster Management
  • Ministry of Education, Youth and Sports
    • Bhutan Olympic Committee
    • 16 federations
  • Royal Bhutan Army
    • Headquarters
    • Wings
  • Paro Prison Service Division

Autonomous Agencies

The report also covers various autonomous agencies:

Autonomous Agencies

  • His Majesty’s Secretariat
  • Royal Privy Council
  • National Assembly Secretariat and National Council Secretariat
  • Dratshang Lhentshog Secretariat

Constitutional Bodies

The report includes statements from constitutional bodies:

Constitutional Bodies

  • Supreme Court of Bhutan
  • High Court of Bhutan
  • Royal Civil Service Commission

Other Entities

The report also covers other entities:

Other Entities

  • Regional Revenue and Customs Offices
    • Collecting taxes and customs duties
  • Accounting and Auditing Standards Board of Bhutan
    • Sets standards for accounting and auditing practices in the country
  • National Museum of Bhutan
    • Preserves and promotes the country’s cultural heritage

Conclusion

The report provides a comprehensive overview of the government’s spending for the fiscal year, highlighting the various ministries, agencies, and entities that play a crucial role in public financial management. It is an important tool for stakeholders to understand how the government allocates its resources and makes decisions on public expenditure.