NLD Govt Forms Financial Commission

By The Irrawaddy 5 April 2016

RANGOON — Burma’s newly sworn-in National League for Democracy (NLD) government formed a new 21-member Financial Commission on Tuesday.

The announcement was released by the President’s Office and signed by President Htin Kyaw. The commission includes the president as chairman, vice presidents Myint Swe and Henry Van Thio as vice chairpersons. Other members are the attorney-general of the Union, auditor-general of the Union, chief ministers of the states and regions, Naypyidaw council chairperson, and the national planning and finance minister.

According to the Constitution, President Htin Kyaw will assign one vice president to manage the budgets of the Union ministers and Union-level organizations, while the other vice president will manage the budgets of the regions and states. Both vice presidents will submit their respective estimated budgets to the commission for review.

The Financial Commission will submit recommendations for the Union budget to the Parliament; bills pertaining to the budget will be submitted to the president. The group will also serve in an advisory role on other financial matters.