Bhutan’s financial crisis is becoming increasingly apparent. And because of that, the government of that country took a series of steps to reduce the cost. Printing work has been stopped in all government agencies of the country since Friday. Workshops and meetings can no longer be done with government money unless it is very necessary. Officials’ foreign trips have also been rushed. This morning, government orders to cut costs have been sent to all government and government-aided organizations in the country. Indian business organizations are concerned about the situation in Bhutan.
According to Surjit Pal, general secretary of the Federation of Chambers of Commerce and Industries of Eastern India, Bhutan is currently facing a major financial crisis. Bhutan has already reduced its imports from India by about four percent. Apart from food products, no cosmetic products are being imported. Many businessmen of India especially North Bengal depend on Bhutan. As a result, the financial situation of the country is deteriorating. We are concerned.
