Monday, 18 November 2019

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Thein Sein urges budget to be approved

President Thein Sein urged members of the financial commission to approve the revised budget for the 2013-14 fiscal year at the commission's first meeting of the year on March 12, according to a report in state-run newspaper The New Light of Myanmar.

President Thein Sein speaking at the meeting of Myanmar's financial commission on March 12. Photo: Myanmar President's OfficeThe original 2013-14 state budget was revised in accordance with the amended National Planning Bill and has yet to be presented at Parliament.

The proposed budget includes deficits of 2926.898 billion Kyats (US$3.4 billion) and of 4.94 percent of GDP. It also includes salary increases for government staff.

The Ministry of Defense's budget provision of more than US $2.6 billion for the fiscal year of 2013-14, or a fifth of Myanmar's national budget, was controversially approved at Parliament on March 1.

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