Budget Financing and Priorities in Myanmar
Explore the budget financing system in Myanmar, including ministries, state-owned enterprises, and priority areas such as electricity, water supply, and tourism development. Learn about the budget system changes, external borrowing, and the role of Public-Private Partnerships (PPP) in reducing financing needs.
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Presentation Transcript
MINISTRY OF FINANCE Budget Financing in Myanmar Daw Ni Ni Than Director Treasury Department
I. Ministries and State Economic Enterprises Total Ministries - 30 (Excluding the Central Bank of Myanmar) Ministries (State Economic Enterprises) - 12 (Including the Central Bank of Myanmar) Total State Own Enterprise - 36
Outside the Union Budget Inland Water Transport 1. Myanma Port Authority 2. Myanma Shipyards 3. Myanma Airways 4.
II. Priority Areas in Myanmar Electricity Water Supply Agriculture development Employment Creation Tourism Development Financial Services Trade and Investment
III. Budget System Before 2011-2012 State Budget Law only Since 2011-2012, changed Budget System - 1 Union Budget Law - 7 State Budget Laws - 7 Regional Budget Laws Introduce Medium Term Fiscal Framework - MTFF System (2015-2016)
IV. Budget Financing External Borrowing (Concessional Loan) - Bilateral - Multilateral Domestic Borrowing - Bill interest maturity 3 months - Bill Auction 28-1-2015 - Bond 2 years 3 years 5 years Total Borrowing K 3,900 Billion provisioned in 2015-16 Union budged Law 4% 8.75% 9% 9.5% maturities
V. Conclusion PPP is a government service or private business venture which is funded and operated through a partnership of government and one or more private sector companies. PPP can be used to finance, build and operate projects. Such as public transportation networks, parks and convention centers. If Foreign Direct Investment and PPP are coming, financing will be reduced.
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