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July 10, 2020

2nd Pyidaungsu Hluttaw 5th Regular Session Holds its 19th Day Meeting

Pyidaungsu Hluttaw is being convened on 25 August, 2017 in Nay Pyi Taw.  Photo: MNA

At the 19th day meeting of 2nd Pyidaungsu Hluttaw 5th regular session held at yesterday, Hluttaw decided to send back “the Bill on the Amendment of Commercial Tax Law” to the Government with the conclusions included in the report of the Drafting Combined Committee intact.
Dr Myat Nyarna Soe, secretary of drafting combined committee read out the report, and Hluttaw put “the Bill on the Amendment of Communication Law” which is assumed to be approved by the Pyidaungsu Hluttaw, on record.
Afterward, concerning “Bill on Canal Law” which was disagreed between the two Hluttaws, U Win Myint Aung of Dipeyin constituency, U Tin Ko Ko Oo (a) U Ah Tut of Bilin constituency and U Win Maung of constituency 6 in Magway Region discussed the bill with amendments in paragraphs and sub-paragraphs, followed by the decision to approve the bill by Hluttaw.
Following that, U Kyaw Win, Union Minister for Planning and Finance said, “As regards the annual report on Union Budget, FY 2016-2017, revised estimates of the national earnings of all institutions and departments of the Union amounted to K 17095.396 billion. Out of them, actually accomplished amount reached K 16542.705 billion, gaining 96.77 per cent. As regards the spending revised estimates was K 21105.590 billion with actual spending reaching K 18605.385 billion, implementing 88.15 per cent. Revised estimates of national earning of 22 Ministries of the Union was K 8910.136 billion, and actually accomplished amount reached K 8827.434 billion, gaining 99.07 per cent. Regarding spending, R E was K 12457.470 billion with accomplishment reaching K 11089.459 billion, gaining 89.02 per cent.”
The Union Minister added, “In regard to the revised estimates of total income of the 7 State-Owned Enterprises, it was K 6294.683 billion, actual amount reaching 5912.819 billion, gaining 93.93 per cent. Concerning the spending, their RE was K 6835.261 billion with actual amount to be K 5842.564 billion, gaining 85.48 per cent. Total income of departments and organizations of the Union for the FY 2016-2017 was K 16542.705, general expenditure K 15619.929 billion and lump sum expenditure K 234.433 billion, resulting in K 688.343 billion on the debit side. Compared to total income of the FY 2015-2016, that of the total income of FY 2016-2017 outnumbered K 253.707 billion, that is, gaining 1.56 per cent more than expected amount. The excess was attributed to effective collection over specially designated commodities in accord with the special commercial tax that began to come into effect as of 1st April 2016. Besides, under the Union Customs Law, 2016, management to collect customs over liquors, cigarettes and wine at fixed rate, acquisition of more revenues from collecting customs over imported cars, tourism industry, lodging house licenses, passenger transportation licenses and tour guide licenses, more revenues were collected more than ever.”
“Concerning the spending, total expenditure for 2016-2017 was K 18605.385 billion, general expenditure K 14201.794 billion and lump sum expenditure K 3857.927, resulting in K 545.664 billion in the debit. Compared to 2015-2016 spending that of 2016-2017 was K 838.974 billion less, that is, 4.31 per cent less. It was attributed to implementation of projects by categorizing in priority level, spending to purchase necessary things by dividing budgets after scrutinizing in accord with existing rules and laws.”
Following that, U Kyaw Win, Union Minister for Planning and Finance, clarified the annual report of national planning for the FY 2016-2017 sent from the Government.
As regards the annual report of the national planning, report 10/2017 of the findings and conclusions of Public Account Combined Committee was read out by U Mahn Law Maung, member of the committee, with the report 10/2017 of the findings and conclusions of Public Account Combined Committee over the annual report of Union’s Budget read out by U Khin Maung Than,
joint-secretary of the committee.
In regard to these report, Hluttaw announced that parliamentarians who would like to discuss can enroll their names.

 

Myo Myint and Aye Aye Thant (MNA)

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