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February 26, 2018

Parliament records second 5-year development plan

Pyidaungsu Hluttaw being convened in Nay Pyi Taw.
Pyidaungsu Hluttaw being convened in Nay Pyi Taw.

THE 13th regular session of the first Pyidaungsu Hluttaw entered its 35th day yesterday, with the sessions documenting plans to establish new towns and villages and the government’s second five-year,short-term development plan. One MP also read out a report before the parliament.
The parliament outlined the formation and boundaries of five new villages in Mon State and extended two towns in Maungdaw Township, Rakhine State.
Next, an MP read out a report on the findings of Joint Public Accounts Committee regarding the Pyidaungsu Hluttaw Development Fund for 2014-2015.
Then, parliamentarians discussed the draft of the second five-year, short-term development plan, which will span from the 2016-2017 fiscal year to 2020-2021.
Union Minister for National Planning and Economic Development Dr Kan Zaw explained the policies of the people-centred plan and called for popular participation in the projects.
The five-year plan is aimed at creating sound foundations for investments and economic development, thereby contributing to Myanmar’s industrialisation, the Union minister said.
Finally, the five-year plan was documented by the parliament.


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