Meeting will determine 2018-2019 development projects based on national need, budget
President U Win Myint, Chairman of the National Planning Commission (NPC), addressed the commission’s meeting (2/2018) held at the Presidential Palace in Nay Pyi Taw yesterday morning.
The meeting was attended by State Counsellor Daw Aung San Suu Kyi, Vice-Presidents U Myint Swe and U Henry Van Thio, Union Ministers, the Union Attorney General, the Union Auditor General, the Union Civil Service Board Chairman, the Nay Pyi Taw Council Chairman, the Central Bank of Myanmar Governor, Chief Ministers of states and regions, Deputy Ministers, regional chairmen and officials of self-administered division and zones.
President U Win Myint said the day’s meeting was held to disclose, discuss and approve the Fiscal Year 2018-2019 National Plan before submitting it to the Pyidaungsu Hluttaw in accordance with the 2008 Constitution.
Starting from FY 2018-2019, the financial year of Myanmar was designated to be from 1 October 1 to 30 September. A national plan and regional projects should be conducted according to the newly designated fiscal year.
In changing the financial year, the six-month period from April to September of this year is considered a transitional period during which the National Planning Law is being enacted and implemented.
In drawing up projects for national development, it is necessary to effectively coordinate and draw up work processes according to the current requirements of the people and for the sustainable development of the country, in accordance with state policies, priorities and available State budget.
Union ministries, states and regions are to draw and propose project aims based on the United Nations post-millennium sustainable development goals, economic policies set by the State, long and middle-term aims and in accordance with their own policies, work processes as well as priority programmes.
Aims of the Union ministries that are responsible for sector-wise development and state and region governments responsible for regional development are to be coordinated with the State’s aim, target and policies.
The Ministry of Planning and Finance is to coordinate the aims of the Union ministries that are responsible for sector-wise development and state and region governments responsible for regional development with the State’s aim, target and policies and draw the FY 2018-2019 National Plan.
When Union ministries draw up sector-wise aims, special emphasis is to be placed toward equal and all-round development of states and regions, creating opportunities for new generations and establishing an economic system that sustains development. In the same way, drawing up and implementation of state and region local projects should follow the policies and work processes of the Union, and governments of state and region are to conduct the regional projects to be in line with policies set by the Union.
Submitted proposals for the aim of the project are to be in line with their own aims, works processes and outcomes.
As the financial year is being changed, arrangements are to be made to conduct the necessary coordination in drawing up projects, investment programmes in state-owned sectors, preparation of indexes, writing and submitting reports.
Due to the inflow of foreign investment in FY 2018-2019, mid-term loans provided to basic economic work that require financial investment and required coordination conducted for private sector development and private small and medium-sized enterprises (SMEs) are expected to have more possibilities of developing further. Arrangements are made for inflow of investment and technical know-how into both the state-owned and private agriculture sector that plays the main role in the country’s economy. Road networks all over the country have improved, resulting in increased flow of products and people. Financial services are modernized and developed, and new financial services established. The hotel and travel sector is also developing. As such, GDP is expected to grow 7.6 per cent in the National Plan for FY 2018-2019.
Although the country’s economy is not developing rapidly, more farm produce was exported, foreign investment flow into the manufacturing sector, SMEs, transport and travel service work, communications, financial and other services improved and, according to end of FY 2017-2018 estimates, the economy was seen to have developed 6.5 per cent.
In addition to this, statistics and data need to be complete, exact and accurate. Systematic management is required for this. Whether the project aims and proposals are feasible, economically viable, beneficial for the people, or not support regional development or not are to be assessed and reviewed. Only then can the State funds be effectively used and national planning aims required for the country and the people are included and conducted.
In conclusion, all are advised to improve and strengthen according to national policies for social economic structure that will reduce and resolve social economic difficulties faced and expose and conduct priority work that are in accord with the situation, said the President.
State Counsellor Daw Aung San Suu Kyi said that the National Plan is a plan related to the country. Projects of all ministries and all states and regions are underneath a roof called the National Plan.
“Our country will have true progress if all the projects are connected, united and smoothly conducted. When new projects are thought out, the success and progress of past projects need to be observed. This will show how far the life of the people had progressed. From that, we can think of what needs to be done for the life of the people to progress further. Cooperation is required between central government and state/region governments. Soon to be announced Sustained and Balanced Development Project Myanmar will become our strategic paper. If work can be conducted according to the project, there can be sustained and balanced development. Peace and stability is included in the three main pillars of the project. Without peace and stability, it would be difficult to have development. All the projects must know matters that are of interest to the ministry, state and region governments and demands by the people in states and regions. Projects are to be decided by how it is sustainable for the country and could develop. Projects were selected based on budget. Available budget and finance is important. But it is more important to select projects that ought to be implemented. Since our country is not rich, this is more important. Selection should be based on which project provides the most benefit for the country and the people. The National Plan will become a plan for all nationals. It is important that the project should be for all nationals and not for a state, region or a ministry. In drawing up future projects and to implement the selected projects, emphasis should be placed towards sustained benefit for the country and having a balanced cooperation. This could not be conducted by a single ministry and all are interconnected. All are urged to think and conduct strategically in fulfilling own and country’s requirements”, said the State Counsellor.
Afterwards, National Planning Commission Secretary Union Minister U Soe Win explained the proposed draft of the FY 2018-2019 National Plan.
Kayin State Chief Minister Nang Khin Htwe Myint, Kachin State Chief Minister Dr. Khet Aung and Union Minister U Win Khaing then explained the requirements for regional development and electricity requirements of the country.
In his concluding speech, President U Win Myint said that the drawing, confirming and implementing of the FY 2018-2019 National Planning Bill is to be done in the same way as past annual national planning bills.
Although the projects described were drawn up based on policies set by the State, current requirements of the people, long-term development required for the country within the budget, emphasis should also be placed toward unity of ethnic nationals, rule of law, stability, human resource development, conservation and protection of natural environment. In addition to this, there is a need to draw up and implement programmes that are connected to financial, monetary and trade policies. Furthermore, the project aims need to benefit the country and people at the moment, in the short term and in the long term. Regional and international economic development should be continuously monitored and projects that are beneficial for the country need to be conducted in a timely manner.
Projects are to be drawn and implemented according to prevailing laws, rules, procedures, notifications and instructions. Implementation status of the projects should be kept in view throughout the entire project period. Only then can there be sustained transformation of the economic structure and balanced all round development, that are the aims of the country.
The strength of past national plans’ are to be maintained, weaknesses reviewed and amended when the FY 2018-2019 National Plan is drawn up and implemented. Suggestions and comments made by the Pyidaungsu Hluttaw need to be attended to. In addition to coordination within sectors, within regions, within sectors and regions and the aspirations and desires of the people are to be included in the aim of the project. said the President.—MNA