Myanmar - Public finance



The government presents its budget in March for the 1 April–31 March fiscal year. The public sector budget typically shows an overall deficit because of economic mismanagement.

The US Central Intelligence Agency (CIA) estimates that in 1997 Myanmar's central government took in revenues of approximately $7.9 billion and had expenditures of $12.2 billion including capital expenditures of $5.7 billion. Overall, the government registered a deficit of approximately $4.3 billion. External debt totaled $6 billion.

The following table shows an itemized breakdown of government revenues and expenditures. The percentages were calculated from data reported by the International Monetary Fund. The dollar amounts (millions) are based on the CIA estimates provided above.

Myanmar

REVENUE AND GRANTS 100% 7,900
Tax revenue 56.0% 4,425
Non-tax revenue 41.3% 3,264
Capital revenue 0.9% 72
Grants 1.8% 139
EXPENDITURES 100% 12,200
General public services 8.9% 1,085
Defense 30.6% 3,735
Education 9.4% 1,141
Health 3.5% 428
Social security 2.3% 279
Housing and community amenities 0.4% 45
Recreation, cultural, and religious affairs 2.3% 280
Economic affairs and services 34.9% 4,261
Other expenditures 7.7% 945

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