Union Government Meeting: SAC Chairman Addresses The Government Meeting 1/2022

Chairman of the State Administration Council Prime Minister Senior General Min Aung Hlaing addresses the meeting 1/2022 of the Union Government of the Republic of the Union of Myanmar in Nay Pyi Taw on 2 February 2022 at the office of SAC Chairman in Nay Pyi Taw.

In his address, the Senior General said after taking State responsibilities, the country achieved certain progress in economic and security measures due to the political situation.

Terrorists committed terror acts, robbery and murdering cases, blowing up of mines and setting fire as destructive acts via political protests. So, security forces controlled these activities. The Tatmadaw also effectively controlled the armed organizations.

The Senior General expressed his sadness for casualties of State service personnel and security forces. Union ministers strived for securing 677 million USD of trade surplus based on the temporary account in the 2020-2021 financial year amid criticism and unrests thanks to the cooperation of the people.

It is necessary to encourage the export of agriculture and livestock products instead of natural resources. Agricultural and livestock products can be exported to China, India, Thailand and Bangladesh. Quality export products can earn income for the nation. Rice, bean, maize and livestock products are the main businesses of some 70 per cent of the people.

The Senior General also highlighted that the domestic cotton production will meet the local demand and contribute much to local garment industries, public awareness should be raised to the farmers so as to efficiently use the water, ministries need to strive to efficiently utilize water sources in agriculture and livestock tasks, implement river water pumping projects, relevant ministries need to emphasize the successful implementation of the agricultural and livestock projects, Arrangements must be made for generating sufficient electricity for improvement of socio-economic life of the people, operation of businesses, manufacturing and public transport services etc.

The Senior General explained the economic development of the State and enhancement of defence capability In his concluding remarks, the Senior General said that in spending the foreign exchange, trade deficit came out in the times of previous governments.

In the long term, the debt problems may be mounted. So, it is necessary to calculate such prospects, ministries need to save spending on foreign exchange except for compulsory measures. International loans must be essential for the departments.

The ministries must levy the taxes which should be collected. Only when the private sector improves will the export volume be larger. Income from the exportation will generate tax for the State.