Myanmar parliament discusses financial policy

10/20/2017 - 8:54:44 AM

The Myanmar parliament resumed its sixth session on October 17, focusing on financial issues and policy.

Parliamentarians of Myanmar in a meeting in 2016 (File Photo: AFP/VNA)

According to parliament sources, Myanmar’s parliamentarians will consider an additional state budget bill for the current fiscal year 2017-2018 and a change in the period of the fiscal year 2018 to start from October 1, 2017 instead of from April 1.

The issue of getting loans from the Central Bank of Myanmar to fill the budget deficit of the government’s deposit account for 2017-2018 was also discussed.

Approval is also being sought from the parliament for Myanmar's participation in signing in the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) on provision of mutual assistance concerning criminal cases and the agreement on the amendment of ASEAN multi-investment contract.

During the last session of the parliament which ended on August 31, a total of 20 laws were enacted, 16 draft laws were adopted by and 23 bills were considered.

The current parliament was formed through the general election in November 2015 with the victory of the National League for Democracy (NLD) party.-

Source: VNA

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