Pyidaungsu Hluttaw discusses bills, loan programme, budget reports

Bills and budget reports were discussed during the 8th-day meeting of 17th regular session of the Pyidaungsu Hluttaw on 5 August 2020.  Photo: MNA
Bills and budget reports were discussed during the 8th-day meeting of 17th regular session of the Pyidaungsu Hluttaw on 5 August 2020.  Photo: MNA

Pyidaungsu Hluttaw held its 8th-day meeting of 17th regular session yesterday, with discussions on bills, loan programmes from foreign financial institutions and budget report of Union government.
Speaker U T Khun Myat announced Pyidaungsu Hluttaw has approved the Myanmar Health Assistant Council Bill.
Pyidaungsu Hluttaw Joint Bill Committee Dr Myat Nyana Soe reported findings and recommendations of his committee on National Planning Bill for 2020-2021 financial year. Dr Myat Nyana Soe and Vice-Chairman of Joint Public Accounts Committee U Aung Min reported Union Budget Bill for 2020-2021 financial year to the Hluttaw. Speaker U T Khun Myat invited the names of Hluttaw representatives who want to discuss the bills.

Unicredit Bank of Austria
Pyidaungsu Hluttaw announced approval for getting 0.861-million-euro grant and 4.876 million-euro loan with zero interest rate from the Unicredit Bank of Austria. The proposal was sent by the President for implementing infrastructural system of electronic mailing and digital registration.

ASEAN Framework Agreement on Mutual Recognition Arrangements
The Hluttaw also approved for signing of Myanmar in the ASEAN Framework Agreement on Mutual Recognition Arrangements, proposed by the President. MP Dr Khin Sithu from Loikaw constituency and MP U Naing Htoo Aung from Natogyi constituency discussed signing of Myanmar in cooperation agreement on multi-economic sector in the region, and the proposal was sent by the President.
Deputy Minister for Investment and Foreign Economic Relations U Bharat Singh asked for approval of this proposal to sign the agreement at 37th ASEAN Summit scheduled in November this year. The Hluttaw then approved this proposal.

Loan from JICA
Deputy Minister for Planning, Finance and Industry U Maung Maung Win asked for the approval of Hluttaw to get 15 billion yen from the Japan International Cooperation Agency to implement the phase 3 of Small and Medium Scaled Business Development Project, which was the proposal sent by the President. The loan will be spent for giving out loans to focus on the businesses affected by the COVID-19.
He added the ministry is drafting the Credit Guarantee Corporation with the US$60 million loan from Asian Development Bank.
The Hluttaw then approved for the JICA loan.

JPAC reports
The Joint Public Accounts Committee’s findings and recommendations on the National Planning Bill for the first six-month of 2019-2020FY, sent by the President, was also discussed by MP Daw Cho Cho from Ottwin constituency, MP U Kyaw Tote from Mandalay Region constituency 7, Pyithu Hluttaw representative of the Tatmadaw Major Soe Naing and MP Dr Than Aung Soe from Minhla constituency. The Joint Public Accounts Committee’s findings and recommendations on the Union Budget Bill was discussed by MP Daw Cho Cho from Ottwin constituency, Pyithu Hluttaw representative of the Tatmadaw Lt-Col Tun Lin Oo and MP U Khin Cho from Hlaingbwe constituency. The 9th-day meeting of 17th regular session of Pyidaungsu Hluttaw will convene on 7 August.—Aung Ye Thwin, Aye Aye Thant (Translated by Aung Khin)

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