19 October 2023
The government allocates budgets whereas ministries and region and state chief ministers need to demand budgets for implementing the actual projects and development undertakings, Chairman of Economic Committee SAC Chairman Prime Minister Senior General Min Aung Hlaing said.
The Economic Committee of the republic of the Union of Myanmar held meeting 8/2023 at the meeting hall of the Office of the State Administration Council on 18 October.
The Senior General made an opening speech, saying that appropriate factories are being re-operated. Likewise, it has found that halted businesses and factories of some ministries have taken land plots with various reasons.
The Senior General said for the sake of the State, these land plots should be taken by the factories or the organizations capable of operation for production. Primarily, it is necessary to manage production for the State. In so doing, government and private sectors need to separately do operations.
As the government needs to spend the budget on transport, health, education and other sectors for development of the country, they have to systematically calculate the actual needs of budgets to be demanded. Projects in regions and states must be successfully implemented in the set period with the efficient spending of the State budget, he added.
Ministries and regions and states are to efficiently spend the allocated budgets on relevant projects. So, it is necessary to effectively scrutinize the spending of budgets by forming the budget advanced scrutiny committee, the Senior General said.
