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The Yangon Region Government has withdrawn plans to spend about MMK 16 billion (USD 10.45 million) on construction projects and the purchase of a ferry.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. The funds had initially been set aside to construct a new police headquarters and courthouse. In addition, the budget also included purchasing a boat to travel between Yangon and Coco Islands, Andaman Sea. However, the report said that the Finance Commission, led by President U Win Myint, had recently met with state and regional chief ministers and called for funds to be spent on development. Some priority projects include road construction and electrification, as well as programs to expand education, health and social welfare services. The regional parliamentarian U Myint Thaung said that the K16 billion will now be used for rural electrification and construction.

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