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March 30, 2020

Pyidaungsu Hluttaw discusses JPAC report, EDCF loan

The second Pyidaugsu Hluttaw held its 15th regular session of 9th day meeting yesterday, discussing the second part of report (1/2020) on findings and recommendations of Joint Public Accounts Committee and the US$ 113.036 million loans from the Economic Development Cooperation Fund of South Korea.
The JPAC’s report for the six-month period from April to September 2018, sent by the Office of Auditor-General of the Union (OAG), was discussed by MP U Than Soe (a) Than Soe (Economy) from Yangon Region constituency 4. The MP discussed drawing a policy and implementing it to cut the losses in the joint-venture businesses between the government and the private sector. He also suggested the Hluttaw and relevant committees to find solutions within a time frame by forming commissions with authority for inspection, guarantee, accountability and responsibility to complete their tasks.
MP U Tun Tun from Pwintbyu constituency said that the OAG has found deceptive accounting in its inspections to prevent misuse of public revenue, however, legal actions were hardly found at the relevant departments. He also called for lawsuits against misappropriations for such cases, in addition to disciplinary proceedings of the department.
MP Dr Daw Pyone from Indaw constituency suggested that the government should review the reasons of farmers’ bad debts mentioned in the paragraph 15 of JPAC’s second session of report. And she advised to adjust loan policy for effective poverty alleviation of the country and preventing loss of state revenue.
The JPAC’s report was also discussed by the other 7 Hluttaw representatives.
Economic Development Cooperation Fund of South Korea
Regarding the $ 113.036 million loans from the Economic Development Cooperation Fund of South Korea for upgrading natural gas pipeline of the Ministry of Electricity and Energy, MP U Khin Cho from Hlaingbwe constituency suggested to implement the original work plan in receiving foreign loans as pointed out in the annual reports of OAG, to follow policy of financing organization, to effectively use the loans and to avoid wastes by taking lessons from the loan schemes.
MP U Maung Maung Ohn from Ayeyawady Region constituency 5 advised to make well preparations for spending the loan, with using local budgets in removing old pipelines and foreign loan in purchasing new pipes and relevant equipment while adopting the 50-year plans as the pipeline will pass through forests, mountains, creeks, agricultural lands and residential areas.
The loan plan, proposed by the President, was also discussed by the other six Hluttaw representatives.
The 10th-day meeting of Pyidaungsu Hluttaw will convene on 19 February.— Aung Ye Thwin and Aye Aye Thant
(Translated by Aung Khin)

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