Parliament approves slashed budget

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Parliament has passed the Union Budget Law for the 2020-2021 fiscal year, setting the year’s budget at MMK 34.1 trillion. That amount was reduced by MMK 520 billion from the first proposed budget, according to the Myanmar Times. A full 10% of t

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Chin State MPs claim regional budget unfair

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Local Chin State MPs are dissatisfied with the way the central government plans to distribute their regional budget. Officials in the Chin State parliament are claiming the MMK 155.7 billion (approximately USD 100 million) budget, which the Union gov

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Budget for 2019-20 slashed by more than K400 billion

Parliament cuts budget by MMK 400 billion

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The Myanmar parliament has cut the government budget by more than MMK 400 billion for the 2019-2020 fiscal year. Lawmakers cited shifting policies and reducing excess spending as reasons for the reduction. The reduction leads to a budget of roughly M

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