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Myanmar sees budget deficit of 5.22 percent of GDP
(MENAFN) Myanmar has forecast a continued budget deficit of 5.22 percent of the gross domestic product (GDP) in the next financial year 2015-2016, exceeding the target if 5 percent of DP deficit, Xinhua reported.
A consultation workshop of the 2015-16 pre-state budget has called for bringing the budget deficit growth under control to enable it does not exceed 5 percent of the GDP, official media reported.
Myanmar's persistent deficit totaled more than USD7.2 billion for the three previous fiscal years, during which deficit for 2014-15 amounted to USD2.6 billion Kyats, accounting for 4.16 percent of GDP.
A consultation workshop of the 2015-16 pre-state budget has called for bringing the budget deficit growth under control to enable it does not exceed 5 percent of the GDP, official media reported.
Myanmar's persistent deficit totaled more than USD7.2 billion for the three previous fiscal years, during which deficit for 2014-15 amounted to USD2.6 billion Kyats, accounting for 4.16 percent of GDP.
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