Myanmar’s defense budget cut proposed
Myanmar’s Defence
Ministry has proposed a cut of the defense budget to 2.36 trillion Kyats
(2.3 billion USD) for the 2014-15 fiscal year.
Defense Minister
Lieutenant General Wai Lwin made the proposal at the 9th regular session
of the country’s two-House Union Parliament in Nay Pyi Taw, according
to the Myanmar Freedom Daily.
The proposed military expenditure
will account for 12.26 percent of the total national budget in 2014-15, a
drop from 13.6 percent in the 2013-14 fiscal year.
Myanmar gained revenue of more than 16 billion USD in 2013.
The Parliament’s session started on January 13 with the Lower House
discussing state budget bill for 2014-15 fiscal year and other important
laws.
It also discussed national planning bill
(2014-15), a number of taxation bills, media law in dispute and special
economic zone bill.-VNA