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Public Financial Policy - UNDP-BTN -0002
Procurement Process
RFP - Request for proposal
Office
UNDP-BTN - BHUTAN
Deadline
06-Feb-23 @ 06:30 AM (New York time)
Published on
24-Jan-23 @ 12:00 AM (New York time)
Reference Number
UNDP-BTN-00002
Contact
Procurement Unit - procurement.bt@undp.org
Introduction
[SCOPE OF TENDER]
A. Scope of the Work Development of Public Financing Policy
The scope of this assignment is to develop a Public Financing Policy in adherence to but not limited to the outline in annex.1. In particular, the policy must cover the following financing areas:
1. Domestic public and domestic private finance
· Tax Performance /Overview in Bhutan (Strength, weakness, potential level)
· Tax-GDP ratio over the years and going forward
· Tax Gap Analysis (Gap Analysis & Recommendations)
· Structure of Government Spending/Expenditure (Current and Capex)
· Government Spending and GDP
· Sectoral Composition Viz-a-viz expenditure
2. Fiscal Deficit
· Historical trend
· projected fiscal deficit in the medium term
· Countercyclical or Pro-cyclical fiscal policy
3. Financing requirement
· Domestic public finance (trend and way forward)
· Domestic private finance (trend and way forward)
· International public and international private finance
· Innovative financing tools and mechanisms
· Institutional and legal frameworks
· Implementation action plan
B. Objectives of the Assignment
The Public Financing Policy is expected to achieve among others the following objectives:
· Enable sustainable financing of Government’s development and investment priorities
· Broaden government financing sources, including innovative financings
· Ensure sound macroeconomic policy coordination and formulation
· Strengthen Government securities market development
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[UNDP OFFICE Bhutan
PROCUREMENT UNIT]