Myanmar’s parliament has approved the Government’s national plan for the 2014-15 fiscal year and the 2014 union budget draft, local media reported on March 26.
Under the documents, Myanmar targets at an 8-percent growth of the Gross Domestic Product (GDP), with the agriculture sector aiming for 3.9 percent, the industry sector 10.4 percent, and service 12.4 percent.
To reach the goals, the country plans to attract foreign investment to develop technology and human resources in the key fields of industry, agriculture, infrastructure, and tourism.
It will spend more than 1.142 trillion kyats (1.18 billion USD) or 5.9 percent of the total spending for education, and around 652 billion kyats for health care.
Earlier, the International Monetary Fund (IMF) predicted Myanmar ’s economy to grow 6.75 percent in the 2013-14 fiscal year.-VNA
