Nay Pyi Taw seeks over K16 mil­lion in re­quest for sup­ple­men­tary bud­get

The Myanmar Times - - News - Than­htoo@mm­ HTOO THANT

NAY Pyi Taw Coun­cil has re­quested a sup­ple­men­tary bud­get for the 2016-17 fis­cal year of nearly K17 bil­lion (US$13.1 mil­lion) to cover out­stand­ing com­mer­cial tax obli­ga­tions, im­ple­men­ta­tion of road and bridge con­struc­tion projects, and land com­pen­sa­tion dues.

Of the re­quested fund­ing, K7.95 bil­lion is be­ing sought by Nay Pyi Taw Coun­cil and K8.87 bil­lion has been pro­posed by Nay Pyi Taw City De­vel­op­ment Com­mit­tee, coun­cil mem­ber U Tin Tun told the Pyi­daungsu Hlut­taw on Novem­ber 17.

Nay Pyi Taw Coun­cil has al­ready been al­lo­cated more than K8 bil­lion for road and bridge con­struc­tion projects and wa­ter and san­i­ta­tion works, but it has re­quested the ad­di­tional fund­ing of nearly that same amount to set­tle un­paid com­mer­cial taxes.

In the cur­rent fi­nan­cial year, Nay Pyi Taw Coun­cil needs to pay a 5 per­cent com­mer­cial tax to­talling about K5.849 bil­lion on pub­lic works im­ple­mented dur­ing the 2014-15 fis­cal year and K2.103 bil­lion on works im­ple­mented in the 2015-16 fi­nan­cial year.

Nay Pyi Taw City De­vel­op­ment Com­mit­tee’s ini­tial 2016-17 bud­get al­lo­ca­tion of K10.666 bil­lion will not be enough to con­tinue im­ple­ment­ing its raft of mu­nic­i­pal projects over the course of the re­main­ing five months of the fis­cal year, according to U Tin Tun, ne­ces­si­tat­ing the sup­ple­men­tary fund­ing re­quest.

Of its K4.69 bil­lion sup­ple­men­tary bud­get re­quest for pub­lic works, K1.136 bil­lion is ear­marked for road and bridge con­struc­tion, K1.845 is al­lo­cated for build­ing restora­tion works, and K1.128 bil­lion is ear­marked for grounds keep­ing. An­other K200 mil­lion is ear­marked for land com­pen­sa­tion pay­ments and K380 mil­lion will be used to set­tle an out­stand­ing 5pc com­mer­cial tax obli­ga­tion for the 2014-15 fi­nan­cial year.

Nay Pyi Taw City De­vel­op­ment Com­mit­tee is also look­ing to more than dou­ble its ini­tial bud­get for cap­i­tal ex­pen­di­tures, seek­ing a sup­ple­men­tary K4.18 bil­lion on top of the orig­i­nal K3.407 bil­lion.

The ad­di­tional pro­posed cap­i­tal ex­pen­di­ture, if ap­proved, would go to­ward con­struc­tion and road and bridge works, as well as other mu­nic­i­pal projects, U Tin Tun said.

Of the ad­di­tional pro­posed cap­i­tal ex­pen­di­ture, K202 mil­lion is ear­marked for con­struc­tion works, and K2.668 bil­lion is ear­marked for road and bridge works, U Tin Tun said, with the re­main­der go­ing to­ward a va­ri­ety of ex­penses in­clud­ing sta­tionery and ma­chin­ery.

Nay Pyi Taw Coun­cil’s pro­posed an­nual bud­gets have been reg­u­larly op­posed and cut in past par­lia­men­tary ses­sions.

“When it comes to bud­gets for Nay Pyi Taw, MPs al­ways called for trim­ming in pre­vi­ous par­lia­ment ses­sions. We have to wait and see for this year,” said a Nay Pyi Taw City De­vel­op­ment Com­mit­tee staffer who asked for anonymity.

The pro­posed ad­di­tional fund­ing for Nay Pyi Taw is about 1.1pc of the to­tal sup­ple­men­tary bud­get pro­posal – amount­ing to more than K1.35 tril­lion – put for­ward by the Union govern­ment. Law­mak­ers have said ap­prov­ing a sup­ple­men­tary bud­get bill is a top pri­or­ity this par­lia­men­tary ses­sion, which be­gan on Novem­ber 16. – Trans­la­tion by Zar Zar Soe

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