Pandemic and election bump deficit to MMK 6.8 trillion

Myanmar could see a budget deficit of MMK 6.8 trillion by the end of the fiscal year, the Finance Commission announced this week. President U Win Myint, who heads the Commission, said total revenue will likely be MMK 27.8 trillion, while total expend
Yangon Govt Drops $10 Million Spending Proposals

Yangon Regional government withdraws project spending

The Yangon Region Government has withdrawn plans to spend about MMK 16 billion (USD 10.45 million) on construction projects and the purchase of a ferry. It will instead spend the money on development projects, according to an article in The Irrawaddy