In Bhutan, the private sector is expressing significant frustration and concern following the recent elections. Many contractors, like Jinda Dorji, have been severely impacted by the lack of job opportunities, leading him to sell his JCB earth mover and trucks. Dorji has not participated in tenders for two years due to the financial strain and absence of work. The Construction Association of Bhutan has raised alarms about the potential financial collapse of contractors if the situation does not improve [fe01f06c].
Contractors are losing hope as they face delays in government budgets that were promised after the elections. The private sector is increasingly frustrated with the procurement systems in place, which are seen as opaque and inefficient. Major projects require clear budgets, but transparency issues persist, leaving many contractors in a precarious position. The economic stimulus fund, intended to support the sector, has been questioned for its effectiveness, raising concerns about whether it will provide the necessary relief to struggling businesses [fe01f06c].
The potential for widespread joblessness and frustration among contractors could place additional burdens on the government, which may need to reevaluate its policies to foster economic growth. The current climate has created a sense of urgency for the government to address these challenges and support the private sector effectively [fe01f06c].