Myanmar to spend $34m on ASEAN chairmanship

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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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. 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...

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.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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