Myanmar to spend $34m on ASEAN chairmanship

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Myanmar-borderMyanmar’s presidential office has allocated a budget of 33.4 billion kyat ($34 million) to host ASEAN summits in 2014 after the took over the ASEAN chairmanship for one year, a senior official from the Ministry of Foreign Affairs said on November 22.

Aung Htoo, deputy director-general of the ASEAN Affairs department under the Ministry of Foreign Affairs, said he cannot be sure whether the allocated budget will be enough to cover the expenses as Myanmar will be hosting more than 100 meetings next year.

“We have received 33.4 billion kyat as a budget for the ASEAN summits. This amount may not be enough but it can also be a surplus,” said Aung Htoo.

An economist, who requested not to be named, said the allocated budget does little in term of benefiting the local economy.

“You can’t say it’s not beneficial. Tourists from the ASEAN region have been visiting Myanmar. Also, there are benefits that allow Myanmar to reach the ASEAN market,” said Aung Htoo in response to the criticism.

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Reading Time: 1 minute

Myanmar’s presidential office has allocated a budget of 33.4 billion kyat ($34 million) to host ASEAN summits in 2014 after the took over the ASEAN chairmanship for one year, a senior official from the Ministry of Foreign Affairs said on November 22.

Reading Time: 1 minute

Myanmar-borderMyanmar’s presidential office has allocated a budget of 33.4 billion kyat ($34 million) to host ASEAN summits in 2014 after the took over the ASEAN chairmanship for one year, a senior official from the Ministry of Foreign Affairs said on November 22.

Aung Htoo, deputy director-general of the ASEAN Affairs department under the Ministry of Foreign Affairs, said he cannot be sure whether the allocated budget will be enough to cover the expenses as Myanmar will be hosting more than 100 meetings next year.

“We have received 33.4 billion kyat as a budget for the ASEAN summits. This amount may not be enough but it can also be a surplus,” said Aung Htoo.

An economist, who requested not to be named, said the allocated budget does little in term of benefiting the local economy.

“You can’t say it’s not beneficial. Tourists from the ASEAN region have been visiting Myanmar. Also, there are benefits that allow Myanmar to reach the ASEAN market,” said Aung Htoo in response to the criticism.

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