At the tenth-day meeting of the Second Pyidaungsu Hluttaw’s ninth regular session held at the Pyidaungsu Hluttaw meeting hall yesterday morning, three reports were read and Joint Public Accounts Committee Report No. (6/2018) was discussed by the Hluttaw representatives.
Reading of reports
At the meeting, reports on Myanmar dental, oral medical council bill and Condominium Rule in which the two Hluttaws were in disagreement were first read by Pyidaungsu Hluttaw Joint Bill Committee members U Nay Myo Tun and U Kyaw Kyaw, after which Pyidaungsu Hluttaw Speaker announced for Hluttaw representatives who want to discuss the reports to enroll their names.
Next, a Joint Public Accounts Committee Report No. (7/2018) Part 1 on the Office of the Auditor General of the Union’s audit report for fiscal year 2016-2017 was read by Committee Vice Chairman U Saw Than Htut.
The Committee Vice Chairman said that Part (1) will include the committee’s finding, assessment and comments on sector wise implementation of the National Plan, implementation of Union Budget Law, national debt and actual figures submitted by departmental organisations.
On implementation of the National Plan, agriculture sector was unable to achieve the target by a small margin but industrial and service sectors were able to achieve beyond the target set. GDP for 2016-2017 declined to 5.9 per cent compared to last year. Some work projects of state-owned sector investments were conducted with loans and assistance from international and partner organisations, and some work projects were found unimplemented as planned. On the implementation of Union Tax Law, 2016 Union Tax Law was enacted as Pyidaungsu Hluttaw Law No. 22. As per the enacted law, the initial estimate for tax collection was Ks 6,209.759 billion and the revised estimate was increased to Ks 6,512.704 billion. Tax collected was Ks 7,122.43 billion.
Of the 21 types of tax, 17 were collected beyond the target amount but four did not meet the target. There were outstanding tax left for Internal Revenue Department to collect and the ratio of tax collected and GDP is much less compared to other ASEAN countries and it is observed that relevant ministries need to manage more on this.
On implementing the Union Budget Law, for fiscal year 2016-2017, an additional Ks1,284 billion was permitted with Supplementary Budget Law. It is the opinion of the Office of the Auditor General of the Union that supports to states and regions should be provided only up to the actual amount required. As per the enacted amendment to the Constitution on 2015, states and regions were permitted to collect additional taxes and if the ability of the states and regions to collect tax increases, support can be reduced. International and local loans need to be acquired, in accordance to procedure on loans prescribed in the Union Budget Law. If performance guarantees of tender winning construction and purchasing contracts are deposited in the departmental accounts, the State’s budget deficit could be reduced.
The State had made a total loan of US$ 18.123 billion out of which $11.641 billion was used, $2.492 billion was repaid and outstanding loan required to be repaid is $ 9.149 billion.
According to the Joint Public Accounts Committee, the 5.9 percent GDP increase for fiscal year 2016-2017 being less than fiscal year 2015-2016 was because the entire agriculture sector was unable to reach the target set even for fiscal year 2015-2016. Although tax receipt had increased, tax receipt to GDP ratio still remains low. Especially the increases in tax collection need to be beyond the GDP increase and inflation rates. As the present tax rates are appropriate, increasing tax is not recommended.
Foreign currency balance, as of 31 March 2017, of Union ministries and organisations that are working outside of the Union funds are US$571.739 million and the public needs to be informed transparently through Pyidaungsu Hluttaw.
Union ministries and organisations need to manage the projects implemented with foreign aids and loans, according to disbursement plan included in the agreement and works are to be fully implemented.
Joint Public Accounts Committee Report No. (7/2018) Part 2 and Part 3 will be submitted to the Pyidaungsu Hluttaw, explained the Committee Vice Chairman.
Hluttaw representatives discuss Joint Public Accounts Committee Report No. (6/2018)
Joint Public Accounts Committee Report No. (6/2018) on the committee’s comment and remark on implementation of construction works in fiscal year 2017-2018 by Ministry of Education, Basic Education Department was then discussed by Hluttaw representatives.
Daw Naw Chris Tun @ Dr. Arr Kar Moe of Kayin State constituency 7, Tatmadaw representative Lt-Col Soe Naing, Dr. Sein Mya Aye of Dala constituency, U Bo Gyi of Chauk constituency, U Aye Bo of Yangon Region constituency 11, U Saw Thalay Saw of Shwegyin constituency, U Win Maung of Magway Region constituency 6, U Sai Aung Kyaw of Kehsi constituency, U Myo Win of Mon State constituency 8, U Khin Cho of Hlaingbwe constituency, U Ohn Lwin of Nyaungdon constituency, U San Myint of Ayeyawady Region constituency 3, U Nyunt Aung of Monywa constituency, U Aung Myo Latt of Mandalay Region constituency 5, U Win Htut of Pyapon constituency, Daw Htu May of Rakhine State constituency 11, U Than Soe @ Than Soe (economics) of Yangon Region constituency 4, U Oo Tun Maung of Ponnagyun constituency and Dr. Khin Maung Win of Taninthayi Region constituency 11 discussed the report.
The eleventh-day meeting of the ninth regular session of the Second Pyidaungsu Hluttaw will be held on 20 August, it is learnt.
—Aung Ye Thwin (MNA)