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Public Financial Policy - UNDP-BTN -0002
Procurement Process :RFP - Request for proposal
Deadline :06-Feb-23 @ 06:30 AM (New York time)
Published on :24-Jan-23 @ 12:00 AM (New York time)
Development Area :OTHER  OTHER
Reference Number :UNDP-BTN-00002
Contact :Procurement Unit -

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Introduction :

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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Documents :
Negotiation Document(s) (Before Accessing other negotiations Document(s), please click on this link)