The Myanmar parliament resumed its sixth session on October 17, focusing on financial issues and policy. 

Parliamentarians of Myanmar in a meeting in 2016 (File Photo: AFP/VNA)

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

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

Approval is also being sought from the parliament for Myanmar's participation in signing in the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) on provision of mutual assistance concerning criminal cases and the agreement on the amendment of ASEAN multi-investment contract.

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

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


                                     Source: VNA

Related Topics

Removing “bottlenecks” in global problems

The Foreign Ministers’ Meeting of the world’s leading developed and emerging economies (G20) recently held in Rio de Janeiro, Brazil emphasised the need to reform global governance institutions, especially the United Nations Security Council. The meeting is also an opportunity for G20 to find solutions to a series of hot issues facing the world, such as poverty, climate change, and conflict.

ASEAN FMs issue statement on maintaining, promoting stability in maritime sphere in Southeast Asia

The Association of Southeast Asian Nations (ASEAN) Foreign Ministers on December 30 issued a statement on maintaining and promoting stability in the maritime sphere in Southeast Asia.

Optimistic signals of the world economy

The world economy has overcome a challenging year, but has proven more resilient than expected. The Financial Times (UK) commented that 2023 was a positive year for the world economy as the economic surprise index collated by Citigroup shew that actual data have underwhelmed economists’ predictions for much of the past months. These economic trends are the basis for optimism about the world economy in 2024.

Laos announces theme, logo of ASEAN Chairmanship 2024

Laos has announced the theme and logo for its the Chairmanship of the Association of Southeast Asian Nations (ASEAN) in 2024.

Vietnam elected Vice President of UNESCO General Conference

Vietnam was elected a Vice President of the 42nd session of the UNESCO’s General Conference, representing the Asia-Pacific, on November 8.

Safe and responsible use of AI promoted

Since the "blockbuster" ChatGPT was launched a year ago, the prospects for the development of artificial intelligence (AI), as well as concerns about the risks from this technology, have become hot topics in the technology world.