Chairman of National Planning Commission Chairman of State Administration Council Prime Minister Senior General Min Aung Hlaing addresses 1/2022 NPC meeting

NAY PYI TAW March 15

National Planning Commission (NPC) held its meeting 1/2022 at the meeting hall of State Administration Council Chairman’s Office in Nay Pyi Taw this afternoon with an address by Chairman of NPC Chairman of State Administration Council Prime Minister Senior General Min Aung Hlaing.

Also present were Vice Chairman of NPC Vice Chairman of SAC Deputy Prime Minister Vice-Senior General Soe Win, Union ministers General Mya Tun Oo, U Wunna Maung Lwin, Lt-Gen Yar Pyae, U Chit Naing, Lt-Gen Tun Tun Naung, U Win Shein, U Aung Naing Oo, U Ko Ko Hlaing, Dr Daw Thida Oo, U Maung Maung Ohn, U KoKo, U Tin Htut Oo, U Hla Moe,Admiral Tin Aung San, U KhinMaung Yi, U Aung Than Oo, Dr Charlie Than, U Khin Yi, U Myint Kyaing, Dr Pwint Hsan, Dr Nyutn Pe, Dr Myo Thein Kyaw, Dr Thet Khaing Win, U Min Thein Zan , U Shwe Lay, Dr Thet Thet Khaing, Dr Htay Aung, U Saw Tun Aung Myint and Union Auditor-General U Kan Zaw, Chairman of Union Civil Service Board U Than Swe, the governor of Central Bank of Myanmar and the Nay Pyi Taw Council chairman.

Chief ministers of regions and states and chairman of the leading bodies of self-administered division and self-administered zones participated through video conferencing.

The Senior General said the coming financial year is between April and March. In implementing

the five-point roadmap and nine objectives, SAC could overcome difficulties and achieve success to a certain extent. Bold action and recording of the functions is required in the coming financial year.

Preparations should be made to reduce the risk to the most possible degree in successfully realizing the future goals and projects based on the lessons learned from advantages and disadvantages.

The national plan for the financial year 2022-2023 is based on the framework of the fiveyear national development plan.

As the five-year national development plan needs yearly adjustments future governments must review it. SAC will accomplish the task of ensuring basic needs for the people and implementing future programs step by step during the emergency period. It will also make utmost efforts to implement the State objectives.

SAC is encouraging local businesses and will prioritize production and services sectors and ensure public satisfaction for the basic needs in the coming year.

Hence the departments and region/state governments must supervise the task of implementing

their projects for quick benefits in harmony within the fixed period. In order to produce benefits as targeted they must also record and report the progress of work.

Moreover, they must also successfully complete major projects through swiftest means and the people to enjoy the fruits of the projects. The relevant ministries and region/state governmentsmust exert efforts through coordination for the completion of the budget-allotted projects. Responsibility and accountability is also required in implementing the projects under the Union or region/state budget. SAC has been applying all available means for the resurgence of businesses hit by COVID-19 and has prioritized the work of supplying the entire nation with vaccines and medicines, the main requirements in preventing COVID-19, and vaccinating the target groups with added momentum.

As a short term COVID-19 vaccine production program, permission has been given to bottle and produce Sinopharm COVID-19 vaccine of the People’s Republic of China during the upcoming fiscal year by buying the vaccine through the ready-to-fill-bulk system, which is cheaper than current prices and saves foreign exchange for the country and it is necessary for relevant departments to continue to exert efforts to meet the production target.

To encourage local businesses, instructions have been given to develop necessary measures to boost production.

It is necessary to consider importing goods when domestic production cannot fulfil the domestic demand. It is important to reduce unnecessary costs and meet quality standards to enable goods to be competitive in terms of prices.

In addition, efforts must be made to balance the demand and supply to maintain price stability.

Relevant ministries are required to coordinate and supervise tasks for the successful resumption and production of goods from suspended factories and workshops on schedule.

State-owned businesses are responsible to produce quality goods to fulfil the domestic demand while measures are taken for the enhancement of service quality.

It is vital to encourage and offer assistance to investors who practically wish to invest in the country and relevant departments are required to help overcome security and other difficulties by coordinating among them within a short period.

Measures must be taken to expose and take action against threats to new investments in accordance with the law.

Coordination must be made to standardize rules and regulations and efforts can be made to boost the manufacturing and services sectors and to promote businesses that can create job opportunities in boosting manufacturing and services sectors.

Economy and human resources development play an important role in the development of a country. According to the population and house holdcensus conducted in 2014, it was found that 12.8 percent of the population who were older than five years of age had never been to school and as only about 22 percent had completed the basic education level, emphasis must be placed on boosting education completion rate and nurturing skilled labourers through vocational education. Relevant ministries are required to give emphasis on such measures. It is necessary for parents, teachers, students and administrative bodies as well as social organizations to make concerted efforts to achieve the compulsory education up to KG+9 adopted by the government.

Priority must be given to enhancing the qualifications of teachers to establish a quality education system.

Similarly, measures must be adopted to place emphasis on providing higher healthcare services, launching awarenessraising campaigns to enable the public to consume safe and balanced diets, conducting food safety tests and availability of modern medicines and medical equipment necessary for health in order to establish a healthy society and to increase the life expectancy of individuals.

As funds have been allocated for development of traditional medicines and offer healthcare access to rural areas, concerted efforts must be made to achieve goals.

For the development of the sports sector and the five strengths of youths, it was learnt that measures have been taken to provide nutritious food in schools and upgrade school sport grounds and sport facilities in townships. It is necessary for relevant departments to coordinate for development of opportunities to learn education in combination with sports.

Preparations must be made systematically for dangers caused by unpredictable natural disasters and relevant ministries are required to coordinate for the reduction of risks to the minimum if they occur. Authorities are urged to make preparations systematically. For the success of projects, ministries and state and regional authorities that are responsible for respective sectors are required to exert efforts through strong coordination.

Relevant departments need to coordinate with each other in harmony for undertaking the related tasks. The directive has been given for manufacturing of necessary inputs to increase the peracre yield of crops. Region and states depending on their advantages seek the ways for extending the domestic and international markets to ensure food sufficiency and surplus.

Emphasis must be placed on the projects benefiting the people and tasks to develop the State economy. Projects to be harmonized and implemented rapidly must be prioritized.

Relevant organizations and regions and states need to harmoniously implement the earmarks of the national plan for 2022-2023 financial year in the set period to have success.

If they all do unitedly, successive will be achieved. So, they all need to implement the projects under the united ways in accord with the policies adopted by the State.

Vice-Chairman of the National Planning Commission Deputy Prime Minister Vice-Senior General Soe Win said that based on data from relevant union ministries and regions and states, the Ministry of Planning and Finance set an aim to have 4.3 percent of economic development rate for the five-year national plan.

MRCRO economy of Myanmar in the 2022-2023 financial year set aims to have Ks-123,933,741.9 of GDP at 3.7 percent of growth rate depending on 55.8 million population, in addition to grow rate 2.3 percent of agricultural sector, 4.0 percent for industrial sector and 4.1 percent of the service sector. According to the yearwise prices, it is necessary to earmark 22.9 percent to 22.7 percent in the agriculture sector, 37.1 percent to 37.4 percent in the industrial sector and 40.0 percent to 39.9 percent in the service sector of GDP. In fully implementing thenational plans, it is necessary to consider not only social economic status but foreign impacts, economic and political stability of partner countries as well as further inflow of FDI, trade promotion, and strengthening and safety of laws, rules and disciplines. To do so, the government is accelerating the vaccination of COVID-19 in order to escape from the impacts of COVID-19 pandemic and undertake the tasks together with the pandemic today.

As such, the ready to fill system can be implemented for production of COVID-19 vaccine. At the end of 2022, the cent percent vaccination of COVID-19 is being administered in the entire nation, ministries and regions and states are to join hands in vaccination process.

Secretary of the commission Union Minister for Planning and Finance U Win Shein reported on drafting of the fiveyear framework and the first year plan of the 2022-2023 FY national plan.

Union ministers and the Auditor-General of the Union presented drawing sectorwise plans and implementation of relevant ministries and organizations.

In his response to the discussions, the Senior General said the national plan is based on the five-year national plan with the proposals of relevant ministries and regions and states.

In modernizing the nation, it is necessary to implement the plan to have achievement.

Union ministers are to take responsibilities at the Union level. They have to encourage the successful implementation of the projects. All need to complete a task conscientiously without encouragement but with ordinary efforts. In order to achieve success of the projects, it is necessary to arrange supply of input regularly and apply them efficiently. The funds must be spent under the procedures to cut the unsuitable costs.

Doing tasks requires goodwill towards the State. Due to various reasons, there are difficulties accomplishing such tasks. So, respective union ministers and chief ministers need to try to overcome the difficulties by taking step-by step responsibility and accountability.

It is also important that those irresponsible are not assigned duties. Primarily, the currency needs to be strong. There are incomes from manufacturing and trade as well as beyond trade. The income from manufacturing is crucial. Manufacturing relies mainly on agricultural and livestock products.

All relevant organizations need to try to manufacture their products to full capacity in our country. If so, import can be reduced and more jobs created, thereby contributing to people’s income and cashflow. With better cash flow, demand and supply will be good as well.

To reduce the need for foreign exchange, import of foodstuffs and consumer goods must be cut as much as possible. Then,the local currency value will increase. Responsible officials need to take supervisory measures to improve the projects systematically. Our country has seen a drop in the COVID-19 outbreak. It is necessary to resume operation of the businesses delayed by the pandemic.

Mainly, the projects entrusted with responsibility and accountability must successfully be implemented. Duties must not be assigned to those irresponsible people, the Senior General said.

In his concluding remark, he stressed the need to make all necessary preparations prior to the enactment of the national planning law for 2022-2023 fiscal year. Meanwhile, other necessary tasks must be carried out in parallel with the times.

Macroeconomic stability is crucial, and measures must be taken to stabilize commodity prices. Manufacturing businesses need to track chain of productivity to ensure domestic food security and meet the target. The strength of a nation depends much on its economy, so sound economy is instrumental. Since focus is on sustainable economy, spending on products must be in a systematic manner while it is necessary to collect all the incomes the State deserves.

Then, income target will be met and budget deficit and GDP ratio can be reduced. Therefore,it is required to supervise to ensure project expenses are real.

It is also necessary to make a review to overcome the difficulties on the ground through coordination to encourage domestic businesses. In projects,local currency must be used in settling expenses. As such,there must be real expenses.

In importing goods, it should be so only if they are not domestically available. Spending of foreign exchange must go with great care. The national projects under the law that is going to be approved and enacted must be implemented in line with the prescribed procedures.

Implementing such projects require full responsibility and accountability. In doing so there will be conveniences as well as difficulties. Concerted efforts are necessary to overcome those difficulties, the Senior General said.

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