Description:
"Nay Pyi Taw, 26 Jan— Pyidaungsu Hluttaw convened its fifth-day meeting Monday, with keeping
records on separate funds of development projects in the message sent by President under 2014 Union
Budget Bill, and discussing 2015 Union Budget Bill submitted by Ministry of Finance.
President U Thein Sein?s message to Pyidaungsu Hluutaw included the use of K12.044 billion from
separate funds for 12 projects— each one by Ministry of Home Affairs, Ministry of Border Affairs,
Ministry of Agriculture and Irrigation, Ministry of Livestock, Fisheries and Rural Development,
Ministry of Construction, Mandalay region government, and Rakhine region government; together with
two projects of Shan state government and three projects of Ayeyawaddy region government.
U Win Shein, Union Minister for Finance, submitted 2015 Union Budget Bill that emphasized on
taxation policy. The proposed bill suggested to promote tax-to- GDP ratio, expansion of basic tax,
systematic scrutinizing on tax exemption and tax reduction processes.
Regarding government expense policy, the bill mentioned increasing expenses in education and
education, prioritizing the immediate effective projects for public, systematic appointment of civil
service staff, suspension of less-effective projects, salary increment for government employees, rural
development programmes, power supply and water for households and agriculture.
Finance minister also submitted the estimated Union Budget for 2015- 2016 fiscal year, based on
incomes of union-level departments, as well as foreign grants and loans. He discussed salary increment
for government staff and K37.492 billion for free medical treatment for them, with suggestion of
K2901.763 billion for the salaries of civil service employees in 2015-2016 fiscal year.
The bill also elaborated macroeconomic situations of the State for 2015- 2016 fiscal year, targeted rates
for national production and service sectors, economic development, inflation, export volume, import
volume, total trade volume, trade deficit and exchange rates. The chapter of Public Finance and Management Reform System explained collaborations among
Ministry of Finance, Hluttaw Public Accounts Committee, Office of Auditor-general of the Union,
Ministry of National Planning and Economic Development, World Bank, International Monetary Fund,
and Asia Development Bank, as well as development partner organizations from the United States, the
United Kingdom, Japan and Australia.
National Planning Bill for 2015-2016 fiscal year, including projects and budgets under 2015 Union
Budget Bill were discussed by officials from President?s Office, Union Government? Office, Office of
Pyidaungsu Hluttaw, Office of Amyotha Hluttaw, Ministry of Defence Services, Union Election
Commission, Office of Auditor- general of the Union, Office of Union Civil Services Board, Nay Pyi
Taw Council and Nay Pyi Taw Development Committee."
Source/publisher:
Pyidaungsu Hluttaw via "The Global New Light of Myanmar"
Date of Publication:
2015-01-27
Date of entry:
2015-02-14
Grouping:
- Individual Documents
Category:
Language:
English
Local URL:
Format:
pdf
Size:
70.11 KB