In the economic sector, exporters can earn incomes for their businesses as well as pay relevant taxes to the government. Hence, it can be said that exportation is beneficial not only for the businesspersons but for the government.
In this regard, the government needs to always monitor the economic level of the nation by checking the booming of businesses being operated by the government itself and the private sector. The government is responsible for adjusting the tax rates and exemptions for businesses in the nation.
Only when the government flexibly eases the restrictions in the economic sector will the businesspersons have convenience in operating their businesses. If so, they can earn greater profits in trading. Consequently, the government can levy necessary taxes on the incomes of businesses for raising the fund for the State.
Only when the government has a chance to raise its funds will it manage and implement development projects for the nation and the nationals. That is why a vicious circle of the economic sector spotlights the income, tax and budget of the nation respectively.
Currently, the government decides to encourage farmers to grow rice and beans in order to directly contribute to the State economy. So, priority is being given to the cultivation of summer rice and green gram which can have a quick win in the agricultural sector.
On the other hand, the government transferred K400 billion from the National Natural Disaster Management Fund to the State economic development fund. In the working process, the State allotted the fund to relevant ministries, regions and states as well as self-administered zones for the cultivation of summer rice and green gram.
The government set an aim for farmers to spend the allotted fund on the cultivation of summer rice and green gram so as to bag the incomes in a short time for paying back the remaining agricultural loans disbursed by the government for many years.
The government has pledged to deliver farming machinery to farmers not for spending any coins on agricultural tasks. If so, farmers will have greater benefits and the government as well. Consequently, farmers will have higher living standards if their agricultural tasks achieve success.
The government has pledged to deliver farming machinery to farmers not for spending any coins on agricultural tasks. If so, farmers will have greater benefits and the government as well. Consequently, farmers will have higher living standards if their agricultural tasks achieve success.
It may be seen that the agricultural sector of the nation will have a doubled increase at the end of 2024. If so, it is sure that a greater and brighter future will wait for all Myanmar people in the future.
