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Fiscal Management in Myanmar

Author

Listed:
  • Oo, Zaw

    (Myanmar Development Resource Institute-Centre for Economic and Social Development)

  • Joelene, Cindy

    (Development Resource Institute-Centre for Economic and Social Development)

  • Minoletti, Paul

    (Development Resource Institute-Centre for Economic and Social Development)

  • Phyu, Phoo Pwint

    (Development Resource Institute-Centre for Economic and Social Development)

  • Saw, Kyi Pyar Chit

    (Development Resource Institute-Centre for Economic and Social Development)

  • Win, Ngu Wah

    (Development Resource Institute-Centre for Economic and Social Development)

  • Porter, Ian

    (International Growth Centre)

  • Oye, Mari

    (International Growth Centre)

  • Smurra, Andrea

    (International Growth Centre)

Abstract

Past governments in Myanmar presided over a system generally characterized by weak fiscal management, but this has recently changed with the present government restoring a measure of fiscal discipline, reorienting fiscal priorities, and establishing a clear set of fiscal objectives in the Framework for Economic and Social Reforms (FESR), which was finalized in June 2013. The Government of Myanmar now has to prioritize how best to implement these fiscal objectives while strengthening long-run fiscal discipline. This paper provides a broad range of recommendations on how this can be achieved, using analysis of Myanmar's present and past fiscal situation alongside insights provided by the experience of other countries.

Suggested Citation

  • Oo, Zaw & Joelene, Cindy & Minoletti, Paul & Phyu, Phoo Pwint & Saw, Kyi Pyar Chit & Win, Ngu Wah & Porter, Ian & Oye, Mari & Smurra, Andrea, 2015. "Fiscal Management in Myanmar," ADB Economics Working Paper Series 434, Asian Development Bank.
    • Handle: RePEc:ris:adbewp:0434
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    More about this item

    Keywords

    budget and expenditure framework; fiscal policy; Myanmar; public financial management; resource mobilization;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development

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