དངུལ་རྩིས་ལྷན་ཁག། དཔལ་ལྡན་འབྲུག་གཞུང་།
Ministry of Finance
Royal Government of Bhutan
History
History
A brief history of Ministry Of Finance
9th July 1961
Established an Accounts & Audit Committee, Gyaltse Kha Lowa – during the 16th session of the National Assembly. It comprised four members, one representative of His Majesty the King and one representative each from the Cabinet, Public and the Monk Body.
20th May 1968
Dasho Chogyal, was appointed as the Tsilon (Finance Minister) during the 28th session of the National Assembly
1971
Customs Department was formally established
1980
The Budget Bureau was created.
1985
Department of National Budget and Accounts created with merger of Budget Bureau and Central Accounts Division
1986
Department of Revenue & Customs created with merger of Customs and Revenue Division
1992
DNBA was renamed as the National Budget and Aid Coordination Division with transfer of aid coordination function from the Planning Commission.
2000
NBACD was bifurcated into two separate departments – the Department of Budget and Accounts and the Department of Aid and Debt Management as part of the overall government restructuring.
2003
As per government orders, the Planning Commission was dissolved and the Secretariat was transferred to the MoF, and renamed as the Department of Planning
2004
Department of Lottery established
2016
Department of Macroeconomic Affairs was established
2022
As part of the major transformation initiative, functions of the Department of Planning, Budget and Performance and Department of Macro-Fiscal and Development Finance were enhanced with the merger of planning and aid coordination with dissolution of the Gross National Happiness Commission.