The second Pyidaungsu Hluttaw’s eighth regular session held its third-day meeting at the Pyidaungsu Hluttaw meeting hall yesterday.
At the meeting, U Tin Maung Myint, appointed as a member of the Constitutional Tribunal of the Union, was sworn-in in the presence of the Pyidaungsu Hluttaw Speaker.
Next, the Tax Administration Bill sent by the Union Government was submitted to the Hluttaw by Deputy Minister for Planning and Finance U Maung Maung Win.
MPs to debate taking loan from CBM to cover Gov’t account deficit
Later, the matter of taking a local loan from the Central Bank of Myanmar to cover the government accounts deficit of Ks641.029 billion, sent by the President, was explained by U Maung Maung Win and Central Bank of Myanmar Deputy Governor U Bo Bo Nge. The Central Bank of Myanmar will issue government treasury bonds, which will be auctioned monthly to cover the deficit.
An announcement was then made for the Hluttaw representative who wanted to discuss the matter to enrol their names.
This was followed by Joint Bill Committee member U Thein Lwin reading the committee’s report on its findings and the report on the bill amending the Early Childhood Development Law, over which the two Hluttaws were in disagreement. An announcement was then made for the Hluttaw representatives who wanted to discuss the bill to enrol their names.
Dy Ministers explain utilization of foreign loans
Later, the status of project-wise utilisation of foreign loans, approved by the Pyidaungsu Hluttaw up to 31 March 2017, was explained by the deputy ministers.
Deputy Minister for Home Affairs Maj-Gen Aung Soe said 246 million yuan from the Exim Bank of China for procurement of vehicles and vessels for the Myanmar Police Force was obtained during the term of the first Pyidaungsu Hluttaw. During the term of the second Pyidaungsu Hluttaw, 50 million euros in loan was obtained from Poland to equip the Fire Services Department with firefighting vehicles and equipment. Similarly, Deputy Minister for Agriculture, Livestock and Irrigation U Hla Kyaw explained the ministry’s rural development and poverty reduction micro-financing loans provided to cooperatives through foreign loans. Some 3,899 pieces of farm machinery were sold to cooperative member farmers under an instalment system. Under the poverty reduction regional development project phase 1, some 23 water distribution works were conducted in 23 townships of 10 states and regions.
In the poverty reduction regional development project phase 2, the construction of a roughing filter in Bago and Mawlamyine towns was coordinated and 50 per cent of the project works earmarked to be conducted in Sittway town were completed. Under the people centred projects, some 21,356 works were conducted in 12,011 villages in 63 townships. The Myanmar agriculture sector development project is helping to start small businesses and has established 1,309 acres of systematic farmlands, said U Hla Kyaw. The deputy minister also explained the irrigation work development projects and the irrigation sector development project conducted in the Bago Region (west), the all-round agriculture development project in the eastern states of Myanmar and the Myanmar irrigation development projects that are being implemented.
MPs debate Framework Agreement of International Solar Alliance
Following the explanation by the deputy ministers, Daw Nwe Nwe Aung of Mon State constituency (2), U Myint Lwin of Twantay constituency, U Aung Zaw Myint of Amarapura constituency, Daw Shwe Shwe Sein Latt of Bago Region constituency (3), Naw Hla Hla Soe of Yangon Region constituency (10), U Aung Thike of Seikpyu constituency, U Khin Cho of Hlaingbwe constituency, U Myint Oo of Magway constituency, U Khin Win of Magway Region constituency (2) and U Kan Oo of Salin constituency discussed the issue to sign the Framework Agreement of International Solar Alliance, sent by the President.
Following the explanation by Deputy Minister for Electricity and Energy Dr. Tun Naing, the Hluttaw approved the discussion.
By Myo Myint, Myothu Hein