Bhutan Macroeconomic and Public Finance Policy Note : Hydropower Impact and Public Finance Reforms towards Economic Self-Reliance

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 s...

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Bibliographic Details
Main Authors:	Boyreau, Genevieve, Rama, Martin
Format:	Report
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	DEFICIT MONETARY POLICY HOLDING BORROWER EQUIPMENT ECONOMIC GROWTH PRIVATE SECTOR PARTICIPATION ACCOUNTING DEMAND FOR CREDIT PUBLIC PROCUREMENT FOREIGN INVESTORS OLD-AGE PENSION INTEREST PUBLIC INVESTMENTS PUBLIC SECTOR GOVERNMENT SPENDING INTEREST RATE OPTION EXCHANGE SPENDING PUBLIC SECTOR WORKFORCE SERVICES DEVELOPING COUNTRIES TAX COLLECTION REAL INTEREST HOUSING REVENUES FISCAL POLICY FINANCIAL STATEMENTS LOAN REPAYMENT PERIOD PRICING TAX INCOME TAX BUDGETING INFORMATION SYSTEMS INFLATION PENSION DEBT BURDEN INSTRUMENTS DEBT INTEREST BUDGET PUBLIC SECTOR COMPENSATION MACROECONOMIC STABILITY FISCAL POLICIES CONTRACTS PERSONAL INCOME TAX REGIME TRADING TAX EXEMPTIONS RECURRENT EXPENDITURES OPTIONS INVESTMENT FUNDS DEBT MARKETS FORECASTING HOUSEHOLD INCOME RETURN PUBLIC PROPERTY PUBLIC FINANCE BUSINESS CYCLE MACROECONOMIC FLUCTUATIONS LABOR LOANS REAL INTEREST RATE PER ASSET CLASSES CAPITAL INVESTMENTS DEBT SERVICE PENSION FUNDS SUBSIDIES MONETARY AUTHORITY FINANCE GRANTS PUBLIC PUBLIC INVESTMENT INFRASTRUCTURE TAXES FIXED EXCHANGE RATE FISCAL DEFICIT HEALTH SPENDING INVESTMENT DECISIONS EXPENDITURE TRANSACTIONS EQUITY CREDIT EXPANSION INVESTORS MACROECONOMIC INSTABILITY GOOD TAX RATE TRANSPARENCY PUBLIC EXPENDITURE BUDGET SURPLUS FUTURE ELECTRICITY RETURNS BUDGETS INVESTMENT PROJECTS PUBLIC EXPENDITURES BUDGET IMPLICATIONS REPAYMENT GOVERNMENT REVENUE EXPENDITURES PUBLIC TRANSPORT ECONOMIC EFFICIENCY AMORTIZATION PROPERTY BIDS CURRENT ACCOUNT DEFICIT TAX RATES HOUSING PRICES PRIVATE SECTOR PUBLIC SECTOR DEFICIT REAL EXCHANGE RATE DEFAULT MARKET FOREIGN EXCHANGE TAX REVENUE MANAGEMENT ROADS INFRASTRUCTURE INVESTMENTS TAXATION PUBLIC SECTOR EMPLOYMENT GOODS LAND LOCAL ECONOMIES SECURITY INVESTMENT COMMERCIAL BANKS SHARE IMMOVABLE PROPERTY INVESTMENT CLIMATE TAX SYSTEM POVERTY INTERNATIONAL STANDARD FISCAL BALANCE CAPITAL INFLOWS REVENUE EXTERNAL DEBT INVESTMENTS DEGREES OF RISK LEGAL OBLIGATIONS DEBT REPAYMENT IMPLICIT TAX AMOUNT OF DEBT FISCAL DISCIPLINE EXCHANGE RATE PUBLIC SPENDING PUBLIC SERVICE PAYMENT SYSTEMS SMALL BUSINESSES DEVELOPMENT BANK INCOME LEVEL BUDGET SURPLUSES
Online Access:	http://documents.worldbank.org/curated/en/2016/06/26470913/ http://hdl.handle.net/10986/24581

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http://documents.worldbank.org/curated/en/2016/06/26470913/
http://hdl.handle.net/10986/24581

Bhutan Macroeconomic and Public Finance Policy Note : Hydropower Impact and Public Finance Reforms towards Economic Self-Reliance

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