Vice Chairman of the Financial Commission Vice Chairman of the State Administration Council Deputy Prime Minister Vice-Senior General Soe Win said that the newly formed commissions are expected to increase their necessary expenditures as a driving force for the country’s economic development.
The address was delivered at the coordination meeting on scrutiny of Union Budget Estimate for the fiscal year (2025-2026) held at the meeting hall of the State Administration Council office on March 5. The three Development Commissions such as Industrial Development Commission, Electricity and Energy Development Commission and Agriculture and Livestock Development Commission were formed by the Prime Minister to further develop the country’s economy will work together with ministries to develop the economy.
In addition, Vice-Senior General Soe Win said that by allowing the commission and related ministries to allocate unused funds as needed, GDP will increase and revenue will also increase.
The budget estimate for the fiscal year (2025-2026) was calculated based on the budget estimate and compared to the deficit, the deficit-to-GDP ratio will be reduced to 4.74 percent. The amount of budget that is not exceed five percent of deficit-to-GDP ratio will be supported to the ministries related to the three newly formed commissions and other substantially necessary topics based on budget necessity, said Vice-Senior General Soe Win.
