July 25, 2016

Economic policy due soon: ministry

He said he has submitted a draft to planning and finance minister U Kyaw Win for review, but did not want to reveal details. “Minister-level senior officials are going to discuss the policy and for now the information is confidential,” he said.

Broadly, the ministry will make the tax structure more transparent and direct revenue toward priority areas such as health, education and infrastructure, he said. It will also aim to allocate the budget more effectively, rather than reducing spending.

He said the ministry also plans to switch from a manual to a computerised system this year. (Courtesy of mmtimes.com)

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