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Myanmar parliament discusses financial policy

The Myanmar parliament resumed its sixth session on October 17, focusing on financial issues and policy.
Myanmar parliament discusses financial policy ảnh 1Parliamentarians of Myanmar in a meeting in 2016 (File Photo: AFP/VNA)

Hanoi (VNA) – The Myanmar parliament resumed its sixthsession on October 17, focusing on financial issues and policy.

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

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

Approval is also being sought from the parliament for Myanmar'sparticipation in signing in the Bay of Bengal Initiative for Multi-Sectoral Technicaland Economic Cooperation (BIMSTEC) on provision of mutual assistance concerningcriminal cases and the agreement on the amendment of ASEAN multi-investmentcontract.

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

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

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#Myanmar #Myanmar parliament #financial issues #state budget bill #fiscal year 2017-2018 #BIMSTEC #ASEAN multi-investment contract #National League for Democracy #vietnamplus #Vietnam News Agency Myanmar
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