Transfer of Surplus to RGoB for Financial Year 2019-2020

The RMA transferred Nu. 2,001 million as surplus to the Royal Government of Bhutan on 29th October, 2020. The RMA closed the books of accounts for the Financial Year 2019-2020 with a surplus of Nu. 1,769,391,841.67. Given the current situation of the Government experiencing decline in the revenue due to the pandemic, the RMA management and staff voluntarily surrendered performance linked incentives of Nu.15.20 million and retained earnings of Nu.216.40 million for the financial year 2019-2020 totaling to Nu.2,001 million as surplus transferred to Royal Government of Bhutan.

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