For over a decade, Bhutan has implemented Economic Stimulus Plans (ESPs) in response to economic challenges, especially aiming to address issues like unemployment, poverty, and fiscal downturn caused by external shocks. However, these ESPs, particularly those introduced in 2013 and 2024, have faced extensive criticism due to their limited impact and issues with accessibility, sustainability, and inequitable benefit distribution.
Now, more than ever, Bhutan stands at a critical economic juncture. Instead of cycling through stimulus plans with limited effectiveness, Bhutan could explore an innovative solution—Universal Basic Income (UBI). UBI offers a simpler, more inclusive, and potentially transformative approach to economic […]
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