Government
Budget
Ministry skips meeting on rice-pledging crackdown
The initial meeting of state agencies intended to expedite cases related to the previous government’s rice-pledging scheme failed to proceed on October 10 after Finance Ministry staff did not show up. Justice Minister Paiboon Koomchaya, who was to chair the meeting, said he did not know why ...
Gov’t scoops up more mining revenue
In the first eight months of the year the Ministry of Mines and Energy has already surpassed its annual target for non-tax revenue collection from sand dredging and construction material-related mining operations, collecting 117 percent of the $6.6 million outlined in the 2016 national budget, ...
Transparent sources, electronic collection keys to revenue collection
The government has stressed the need to clearly define revenue sources and to expand electronic collection methods to assist the budget. The moves aim to ensure all revenue from available sources can be collected for the national budget, minimising problems related to financial leaks. Prime Minister Thongloun ...
Change for growth
As the biggest economic center of Vietnam, HCMC is feeling tied by a slew of prevailing regulations. It is desperate for a special governance mechanism so that the metropolis will be able to grow faster and thus fuel development in the rest of the nation. Meanwhile, ...
Financial commission moves to reapportion union budget
The Financial Commission hopes to reapportion the 2016-17 Union Budget, looking to allocate more funds to the education, health and social welfare sectors. Zaw Htay, President’s Office spokesperson, told The Irrawaddy on 16 June that Vice President Myint Swe manages the budgets of Union-level ministries and agencies, ...
Myanmar anti-corruption commission may be reduced
Proposals to amend the 2013 anti-corruption law were submitted to parliament on 19 May aimed at cutting the state budget. U Myint Soe of the Pyithu Hluttaw’s Public Affairs Management Committee said the main proposal was to allow for a reduction in the size of the 15-member ...
Vietnamese Government tightens purse strings in 2016
Vietnam’s Prime Minister has approved the Government’s overall programme to practice thrift and avoid wasteful expenditure in 2016. The programme is one of the key tasks in 2016, the first year in which the resolution of the 12th National Party Congress and the socio-economic development plan for ...
Vientiane records over 6.9 trillion kip in public debt
Vientiane recorded public debt of more than 6.946 trillion kip, including 6.931 trillion kip of state investment debt remaining on contracts and 15 billion kip owed to utilities and other expenses. The figure was revealed at Vientiane’s monthly meeting for January attended by Vientiane Mayor Dr ...
Reduced Rakhine State budget under fire
The incoming Rakhine State parliament will have only half the funds it needs to develop the state, a local MP has complained. The state parliament adopted the 2016-17 budget on 25 January, days before it rose to give way to the new parliament elected last ...
USDP majority parliament passes trimmed budget for next government
Parliament has passed the K23.62 trillion (US$18.28 billion) budget for the 2016-17 financial year starting in March. In effect, this means that defeated members of the Union Solidarity and Development Party government have bequeathed spending patterns and constraints to the incoming government elected last November. Review committees ...
