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Education minister says govt financial rules slow progress

Education Minister U Myo Thein Gyi said the government’s strict financial regulations have hobbled his ministry’s efforts to build more schools and other facilities, especially in remote areas. He said the ministry had to return more than K55 billion (US$36.33 million) to the government last year for failing to begin construction projects across the country. […]

Govt targets 10% for tax to GDP ratio

Finance Minister U Win Shein said the country has aimed to increase the tax to GDP ratio to 10 percent this year. Myanmar has the lowest tax-to-GDP ratio in ASEAN, at 8pc in 2014-15, though it has improved markedly since 3.7pc three years ago. The minister said he hopes foreign investment will grow and the […]