August 12, 2017

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Pyidaungsu Hluttaw cuts budget proposals of government ministries

Pyidaungsu Hluttaw is convened in Nay Pyi Taw . Photo: MNA
Pyidaungsu Hluttaw is convened in Nay Pyi Taw . Photo: MNA

During the Pyidaungsu Hluttaw session on Tuesday the additional budget of government ministries and organizations for 2016-17 fiscal year were cut yesterday, according to Myanmar News Agency.
The Central Bank of Myanmar’s proposed budget, over Ks130 billion, was reduced by about Ks54.6 billion.
The Nay Pyi Taw Development Committee was also approved for about Ks1.5 billion less than its proposed budget of about Ks4.6 billion.
Spending for the Ministry of Foreign Affairs was reduced by Ks1 billion, almost half of the ministry’s proposed spending plan.
The Ministry of Home Affairs, which requested over Ks36 billion, was also hit hard by budget cuts of over Ks9 billion, while the Ministry of Border Affairs was allocated about Ks0.5 billion less than its requested amount of about Ks3.5 billion.
The Ministry of Labour, Immigration and Population, the Ministry of Industry, the Ministry of Education, the Ministry of Planning and Finance, the Ministry of Construction, the Ministry of Social Welfare, Relief and Resettlement, the Ministry of Transport and Communications, the Nay Pyi Taw Development Committee and the Central Bank of Myanmar also suffered budget cuts.
During yesterday’s session the Myanmar National Water Policy, a 93.9 billion yen loan from JICA for infrastructure development, agricultural development electricity generation and water supply system for the Yangon City Development Committee were also discussed.
Other loans discussed at the session included 50 million euros from Poland for the Fire Brigade and US$56.8 million for agricultural development.—Myanmar News Agency


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