Chairman of Myanmar Financial Commission President
U Thein Sein addressed the commission meeting (3/2012) at the
Presidential Palace this morning. It was also attended by Vice-Chairmen
Dr Sai Mauk Kham and U Nyan Tun, Union ministers, the Union
attorney-general, the Union auditor-general, the chairman of Union Civil
Services Board, Region and State chief ministers, deputy ministers and
officials.
The President said in his opening speech that the
Union government would submit 2013-2014 budget approved by the meeting
to the Pyidaungsu Hluttaw.
He said economic development efforts of the Union
government and region/state governments are based on the annual budget
of the governments. He called for implementing projects that would
contribute to the development of the country and serve the interests of
the people, while attaching great importance to drawing the budget.
He under scored incremental changes in budget
sharing among the Union and region/state governments. He stressed the
need to stick to suggestions and advices of MPs to internationalize the
budget.
Coordination between the Union government led by
Vice-Presidents and region/state chief ministers on budget allocation
was in progress in accord with the constitution. Union government would
take a coordinated approach to budget allocation for the states and
regions.
As it is required for ensuring harmonious
development of the entire nation under the leadership of the Union
government and region/ state governments, thereby contributing towards
better living standards and increased per capita income.
The President called on officials concerned to
help develop profitable organizations which are contributing a lot to
the State budget. Necessary measures should be taken for unprofitable
organizations to be free from reliance on the State budget.
It is necessary to invite local and foreign
investments so that capital requirement of the country will be
fulfilled. The President called for more effective public financial
management system in the long run.
The President concluded his speech, urging those present to make suggestions on the budget for 2013-2014.
Next, Vice-Chairmen of the commission
Vice-Presidents Dr Sai Mauk Kham and U Nyan Tun explained the process of
scrutinizing the budgets for 2013-2014 of Union level organizations and
region/state governments.
Commission Secretary Union Minister for Finance
and Revenue U Win Shein, chief ministers, Union ministers, Attorney-
General of the Union and Auditor-General of the Union presented reports
to the President.
In his concluding remarks, the President stressed
the need for more appointments of accountants at the ministries, use of
State budget effectively and efficiently, nurturing of disciplined
service personnel, staff welfare and level management system.
The President called on ward/village/township
administrators to exercise transparency, honesty and goodwill to be able
to win the public trust.
The President pointed out that unity was the major
driving force for development, urging to strive for ensuring united
efforts at the departments as well as among the people. State budget for
2013- 2014 was under scrutiny for four times before submitting to the
commission.
The President gave guidance on reviewing the budget to keep deficit and GDP ratio at certain level.
source: President Office Webpage
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