Defence Expenditure Ranks Third in 2017-18 Union Budget Proposal
Defence Expenditure Ranks Third in 2017-18 Union Budget Proposal 01 Maret 2017 SH1 155mm SP Howitzer of the Myanmar Army (photo : Myanmar Defence Weapon) The National League for Democracy-led government’s first crack at formulating an annual Union budget has proposed only a modest increase in defence spending, with the lion’s share earmarked for the Ministry of Planning and Finance. Submitted to parliament yesterday, the K20.896 trillion budget for the 2017-18 fiscal year awards a 13.95 percent chunk to the Ministry of Defence. The slice represents a small boost over last year when the ministry received a 13.4pc share of the K23.62 trillion budget. The ministry had request K3.9 trillion this year. The 2016-17 budget saw the Ministry of Defence placed as the second-highest spending government entity. This year’s budget outline has the Ministry of Defence in third, behind the Ministry of Planning and Finance’s proposed K4.482 trillion (23.18pc), and the Ministry of...