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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