At this Assembly, it was agreed to create an Accounts and Audit Committee known as the Gyaltse Kha Lowa in accordance with previous resolutions and decisions.

Any government spending required the previous written consent of His Majesty the King, which the four committee members were to jointly maintain.

After the 30th session of the National Assembly, the Ministry of Finance was also instructed to broaden its duties, starting with research on the introduction and application of different types of taxation.

The job of creating an appropriate budgeting system was also assigned to the Ministry of Finance during the 33rd session of the National Assembly.

In light of these events, the Finance Ministry presented the 34th Session of the National Assembly (April 29–May 21, 1971) with the first official statement of income and expenditure of the civilian financial plan for the calendar year 1971.