TibetNet will bring out a series of statements by Kalons of the seven departments of the Central Tibetan Administration on their initiatives and developments in the past one year since they took office in the 14th Kashag led by Kalon Tripa Dr Lobsang Sangay, the political leader of the Tibetan people, on 8 August 2011.

Department of Finance

By Kalon Tsering Dhondup

Kalon Tsering Dhondup

Among the many works of the Department of Finance, the most important is to formulate and present the annual budget of the Central Tibetan Administration and seek approval for it in the budget session of the Tibetan Parliament-in-Exile.

The 14th Kashag led by Kalon Tripa Dr Lobsang Sangay is completing its first year in office today, 8 August. In that one year, the Kashag has introduced many policies for the socio-economic welfare of the Tibetan people, particularly keeping in view it’s three guding principles of unity, innovation and self-reliance.

And among the many new policies of the Kashag, two of them comes under the direct purview of the Department of Finance. The first one is to encourage budding professionals in our community. We plan to set up a fund to provide educational loans to students who are willing and capable of pursuing professional studies.

And the second one is to encourage entrepreneurship in our Tibetan community. The best way to create a self-reliant society is by encouraging new entrepreneurs. We provide support to young entrepreneurs to start new enterprises and businesses which will eventually create job opportunities for others as well.

And for these policies to work out successfully, we are currently doing a research on it.

At the same time, we are also doing our best to retain the progress of our previous policies of bringing economic development in our community. And as stated in the Kashag’s statement on 6 July, we have maintained the good work of the administration. This has been possible because of the blessings of His Holiness the Dalai Lama and the co-operation of the general Tibetan public as well as the hard work of the CTA staff.

Thank you.