WHEN submitting the Budget Estimate and Revised Estimate, the Union-level organizations and ministries should carefully assess and verify the actual needs before making their submissions, said Vice-Senior General Soe Win.

Vice-Chairman of State Administration Council Deputy Prime Minister Vice-Senior General Soe Win said so at the coordination meeting on reviewing revenue and expenditure estimates of the Union for the 2025-2026 financial year held in Nay Pyi Taw yesterday.

Speaking at the meeting, the Vice-Senior General, who is also Vice-Chairman of the Financial Commission, said in drafting the annual budget estimates for each financial year, the government has to ensure that the budget deficit and GDP do not exceed five per cent. When reviewing the budget estimates for the 2024-2025 financial year, it is observed that certain revenue-generating ministries and organizations have not been able to reach their revenue targets due to various reasons. Similarly, on the expenditure side, there have been cases where unnecessary and excessive budget requests were submitted, as well as requests for projects that were presumed to be completed. Moreover, some projects are not completed, and certain operations fail to commence as planned due to various reasons by the end of the financial year. As a result, surplus funds are returned, leading to a significant amount of surplus funds for the State.

#TheGlobalNewLightOfMyanmar