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Fiscal Development in
Myanmar
December 2016
Present by
Ms.Nan Mo Kham
Mr.Khin Maung Lwin
Outlines
Public Finance Management Reform
State Economic Enterprises Reform
Medium Term Fiscal Framework
Intergovernmental Fiscal Relationship
Public Finance Management Reform
General Government Fund Procedure
Union Fund
Union Level Organization
Development Organization
Extra Budgetary Fund
Region/State Fund
Region/State Level Organization
(1)Self-Administrative division (5)Self-Administrative Zones
Yangon City Development Committee
Mandalay City Development Committee
Development Organization
Changing of Budgetary Management
Modernize budget process
Increase level of Social Sector expenditure
Modernization of Public Finance
Management project
Modernization of Public Finance Management Project
6
Budget
Planning
PAC
IRD
Treasury
MEB
OAG
Key
Im
ple
men
tin
g A
gen
cies
IDA 16
Credit
WB
Grant from
DFID and
AusAid
Budget
Allocation
Pro
ject
Fin
an
cin
g
Executive Secretariat FMU & PCAU
Committees and Units for Implementation
M-MPFMp
A. Revenue Mobilization
B. Budget Preparation
C. Budget execution
D. External Oversight
E. Capacity Building
Tax, Revenue, Expenditure and Deficit as
a percentage of GDP
Tax
Revenue
Expenditure
Deficit
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%
2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017
Tax Revenue Expenditure Deficit
Overall Budget Situation in 2016-2017
Fiscal Year
Particular Union Region/State General government
Revenue 16,979 2,250 19,229
Expenditure 20,267 2,250 22,517
Surplus/ Deficit(-) - 3,288 -3,288
GDP 84,128
Deficit to GDP 3.91 % 3.91 %
Kyats in billion
State Economic Enterprises Reform
Role of SEE in Government Budget
Main Contributor
Revenue comes from Natural Resource
Introduced the new Financial Management
System
New Financial Management System
25 % Income tax and 20 % commercial tax
Carry over the rest of profit
Introduced Own Fund Account
privatized and corporatized entities outside the Union
Fund :
I. Central Bank of Myanmar
II. Transport
III. Yangon Electricity Supply Corporation
IV.Mandalay Electricity Supply Corporation
Medium Term Fiscal Framework
strategic allocation and alignment of expenditure to
policies
Bottom-up Planning and Top-down Budgeting
Projection of upcoming 3 fiscal years
Macroeconomic Indicator
a) Real GDP growth rate d) Exchange Rate
b) Nominal GDP growth rate f) Interest Rate
c) Inflation g) Interest rate of T-Bonds and T-Bills
d) Nominal GDP h) Import growth rate
Intergovernmental Fiscal Relation
Structured Intergovernmental Fiscal Relation Division
Practiced MTFF for fiscal transfer of States/Regions in
line with the optimal six indictors :
In 2015-2016
• Total Population,
• Poverty,
• Per Capita GDP,
In 2016-2017, add three more indicators
• Area,
• Per Capita Tax Collection
• Urban Population as percent of total state
population
Tax Sharing From Union to Region/State
• 2% of stamp duty
• 5% of individual income tax
• 15% of commercial tax
• 15% of special good tax
Fiscal Transparency
Budget Law
Citizen’s Budget
First Report of Myanmar EITI