Jan 27, 2013

Myanmar - Burma’s budget deficit falls to 3.2 percent

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The Ministry of  has announced that the budget deficit has fallen to 3.2 percent for 2012-2013. This is a drop from 4.9 percent in the previous fiscal year.

Deputy Minister of Finance and Revenue Dr. Maung Maung Thein said in the Lower House on January 23 that, “The commodity price and exchange rate seems stable.”

“The interest rate is adjusted depending on economic development movement. Deposit money systems, loan systems, and tender systems have been conducted since September 2012 according to market procedure," said Dr. Maung Maung Thein.

Khin Myo Thwe


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