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Bhutan Macroeconomic and Public Finance Policy Note : Hydropower Impact and Public Finance Reforms towards Economic Self-Reliance / Genevieve Boyreau.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Boyreau, Genevieve.
- Series:
- Policy Notes
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Access to Finance.
- Accounting.
- Commercial Banks.
- Contracts.
- Debt.
- Debt Management and Fiscal Sustainability.
- Debt Markets.
- Default.
- Deficit.
- Developing Countries.
- Economic Management.
- Electricity.
- Energy.
- Equity.
- Expenditures.
- Finance.
- Finance and Financial Sector Development.
- Financial Economics.
- Fiscal Policy.
- Forecasting.
- Grants.
- Household Income.
- Housing.
- Hydro Power.
- Improving Labor Markets.
- Income Tax.
- Inflation.
- Infrastructure.
- Investment Climate.
- Land.
- Loans.
- Macroeconomic Management.
- Macroeconomics and Economic Growth.
- Management.
- Monetary Policy.
- Poverty.
- Private Sector.
- Public Finance.
- Public Procurement.
- Public Sector.
- Public Sector Development.
- Public Sector Management and Reform.
- Public Spending.
- Roads.
- Small Businesses.
- Social Protection and Risk Management.
- Tax Exemptions.
- Taxes.
- Transparency.
- Local Subjects:
- Access to Finance.
- Accounting.
- Commercial Banks.
- Contracts.
- Debt.
- Debt Management and Fiscal Sustainability.
- Debt Markets.
- Default.
- Deficit.
- Developing Countries.
- Economic Management.
- Electricity.
- Energy.
- Equity.
- Expenditures.
- Finance.
- Finance and Financial Sector Development.
- Financial Economics.
- Fiscal Policy.
- Forecasting.
- Grants.
- Household Income.
- Housing.
- Hydro Power.
- Improving Labor Markets.
- Income Tax.
- Inflation.
- Infrastructure.
- Investment Climate.
- Land.
- Loans.
- Macroeconomic Management.
- Macroeconomics and Economic Growth.
- Management.
- Monetary Policy.
- Poverty.
- Private Sector.
- Public Finance.
- Public Procurement.
- Public Sector.
- Public Sector Development.
- Public Sector Management and Reform.
- Public Spending.
- Roads.
- Small Businesses.
- Social Protection and Risk Management.
- Tax Exemptions.
- Taxes.
- Transparency.
- Physical Description:
- 1 online resource (1 pages)
- Other Title:
- Bhutan Macroeconomic and Public Finance Policy Note
- Place of Publication:
- Washington, D.C. : The World Bank, 2015.
- System Details:
- data file
- Summary:
- Bhutan's hydropower generation potential raises the prospect of tremendous development opportunities for the country: fast increasing export revenue, sustained economic growth, and rapid poverty reduction. Driven by developments in the hydropower sector, the country has grown at an average rate of 7 percent per year over the last decade, while poverty has declined remarkably fast. But hydropower development also creates significant challenges as follows: (i) macroeconomic instability; (ii) lack of self-reliance; and (iii) few private sector jobs. This policy note assesses the opportunities and challenges associated with hydropower development. It informs a possible strategy supportive of macroeconomic stability, fiscal self-reliance and private sector development. And it argues that fundamental changes in public finance, amounting to a paradigm shift, are central to the implementation of such strategy.
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