Tuesday, 1 January 2013

Chairman of Myanmar Financial Commission President U Thein Sein addressed the commission meeting (3/2012)

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

No comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...