fbpx

Ks10 billion deducted from proposed expenditures to be used in nine regional development sectors

Over Ks10 billion deducted by the Mandalay regional Hluttaw from the proposed expenditures will be used for nine regional development sectors. The Mandalay regional Hluttaw deducted over Ks10 billion form the October 2018 to September 2019 expenditures, after the Hluttaw representatives pointed out in their discussions unnecessary or excessive expenses.

Some nine Hluttaw representatives pointed out the excesses during their discussion at the second Mandalay Region Hluttaw’s 10th regular session meetings held for six days from 22 May. After the discussion, the Hluttaw voted down the proposed expenditures.

“Due to the discussion and comment by the Hluttaw representatives, there was a need to amend the expenditures proposed by the regional departments and organisations in the Mandalay Region financial statement. The region government held an emergency meeting on 29 May and revised the expenditure, which was then approved by the Hluttaw,” said U Myat Thu, the Region Minister for Planning and Finance.

The expenditures deducted totalled Ks10.197,918 billion that includes Ks1 billion for rural road upgrading, Ks1 billion for rural electricity, Ks500 million for rural water supply, Ks2 billion for the education and health sectors, Ks1 billion for natural disaster support, Ks500 million for the sports sector, Ks500 million for the rural rule of law, Ks2.346,918 billion for public servant housing construction and Ks1.35 billion for the Mandalay City Development Committee’s urban drainage project.

“Many factors need to be considered when reviewing the budget proposed by the departments. There were heated exchanges among the chief minister, the minister for planning and finance and other ministers in the cabinet when the budget was discussed. But this was done to manage the budget properly and prevent waste,” said Dr. Zaw Myint Maung, Chief Minister of the Mandalay Region.

For the 2018-2019 fiscal year, the Mandalay Region Hluttaw approved a total expenditure of Ks322.819,964 billion, of which Ks207.906,141 billion was provided by the region government and Ks114.913,823 billion was provided by the Union government.

Source : Global New Light of Myanmar

To see the original article click link here

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, “Puma Energy”, “MOGE”, “yangon new town”,”MECTEL”, “hydropower”, etc.

.

Looking for foreign investors to invest in your business in Myanmar