August 19, 2016

Pyidaungsu Hluttaw approves 3 amendment bills

MPs of Pyidaungsu Hluttaw discuss budget affairs.—mna
MPs of Pyidaungsu Hluttaw discuss budget affairs.—MNA

Nay Pyi Taw, 16 July — The Pyidaungsu Hluttaw on Thursday approved the third amendment bill of the Union Judiciary Law, the third amendment bill of the Constitutional Tribunal Law of the Union and the amendment bill of the Union Civil Services Board Law.
The parliament also approved the reformation of the Pyidaungsu Hluttaw’s Joint Bill Committee.
Union Minister for Finance U Win Shein read out the second half-year Union Budgets Report 2014/2015 submitted by the central government.
The budget estimate for the second half of the financial year amounts to 96.91 percent of total earnings, with 97.91 percent as the total budget estimate of the whole financial year.
The union minister added that the statistics mentioned in the second half-year financial report are based on approximate budget allocations collected at the close of the fiscal year.
True figures will be announced soon after the auditor’s approval, he said.
According to Daw Sanda Min of the Zabuthiri constituency, the income-expense scrutiny from fiscal 2013-2014 to the first half-year of 2014-2015 revealed a loss of K22.699 billion, with the Ministry of Livestock, Fisheries and Rural Development alone still owing 31.793 billion to the Union.
She also urged the Ministry of Social Welfare, Relief and Resettlement to explain to parliament how they spent their budget allotments.—MNA


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