December 14, 2016

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ENGINEERING EQUALITY — Government launches economic policy

State Counsellor Daw Aung San Suu Kyi speaks at the ceremony to release the Economic Policy in Nay Pyi Taw.
State Counsellor Daw Aung San Suu Kyi speaks at the ceremony to release the Economic Policy in Nay Pyi Taw.

THE Union government released its economic policy yesterday, highlighting national reconciliation and job creation as basic considerations for the policy which guarantees nationwide equitable development.
Speaking on the occasion, State Counsellor Daw Aung San Suu Kyi stressed the importance of national reconciliation, which she considered the most important basic point for the economic policy to achieve success.
“Without national reconciliation, we can’t move forward,’ she said. She also vow to bring equitable development to the agricultural, livestock and industrial sectors.
Regarding natural resource extraction, the State Counsellor promised to keep a balance between environmental conservation and the economic development of the country with consent of the people.
The three-page announcement, released by the Ministry of Planning and Finance, outlined 12-point policy ranging from the privatisation of some state-owned  enterprises to the development of infrastructures including electrification facilities and ports to implementing an ID card system, the Digital Government Strategy and the e-Government System.
The announcement is intended to set economic policy to “create opportunities for new generations with all-round capacity”, according to the release.
The policy also stated that the government will draw separate policies to attract foreign investment and to promote use of copyright and the rule of law as well as establish an effective and fair tax system.
More detailed plans on energy and infrastructure will be released in future, according to the State Counsellor.

 

Thein Ko Lwin & MNA

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