02/03/2011 |

AP: New budget for Myanmar gives nearly 24 per cent to defence, 1.3 per cent to health

March 2, 2011 by IPB

YANGON, Myanmar — Nearly one-quarter of Myanmar’s new national budget will go to defence, an official publication reported Tuesday, following an election that was supposed to hand power to a civilian government after decades of military rule…

The gazette reported that 1.8 trillion kyat ($2 billion), or 23.6 per cent of the budget this year, will go to defence. The health sector, meanwhile, will get 99.5 billion kyat ($110 million), or 1.3 per cent.

Read the whole article here.