Kingdom of Bhutan Human Development Public Expenditure Review
Bhutan is situated between the Tibetan Plateau in the North and Indian plains in the south. The development philosophy in Bhutan is embedded in the concept of Gross National Happiness (GNH) that, as a public policy strategy, seeks to address a more...
Main Authors: | , |
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Format: | Report |
Language: | English en_US |
Published: |
World Bank, Washington, DC
2017
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Subjects: | |
Online Access: | http://documents.worldbank.org/curated/en/350141490897226162/Bhutan-Human-development-public-expenditure-review http://hdl.handle.net/10986/26378 |
Summary: | Bhutan is situated between the Tibetan
Plateau in the North and Indian plains in the south. The
development philosophy in Bhutan is embedded in the concept
of Gross National Happiness (GNH) that, as a public policy
strategy, seeks to address a more meaningful purpose of
development that goes beyond the fulfillment of material
satisfaction. The concept is grounded in the four pillars of
development; socio-economic, environment, culture, and good
governance. Bhutan s record on growth and development has
made it a top performer in the South Asian region. The
average annual growth rate of GDP over 1980-2010 in country
was more than 7.6 percent, one of the highest in the South
Asian sub-continent (SAS). Bhutan, with a Gross Domestic
Product (GDP) per capita of about US$2,000, is now
classified as a lower-middle income country. However, one of
the most notable features about Bhutan s macro economy is
its lack of diversification, dependence on and exposure to
external developments, and the high levels of year-to-year
volatility in its economic growth. Public Expenditure Review
(PER) begins with an overview of the macro-economic context
(chapter two) and public sector management (chapter three)
in Bhutan. This is followed by an analytical summary of
achievements to date in the health and education sectors
(chapters four and five). The PER concludes (chapter six)
with policy options and recommendations which are intended
to spur discussion and analysis among policy-makers in
Bhutan as they look into different possibilities to increase
fiscal space in domestic resources while enhancing the
quality of expenditures and improving outcomes in the health
and education systems. |
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