HomeMMBIZ NewsGov’t Plans to Grow GDP, Halt Inflation

Gov’t Plans to Grow GDP, Halt Inflation

Myanmar hopes to boost Gross Domestic Product (GDP) in the 2014-2015 fiscal year to K66.2 trillion ($67 billion), according to Dr Kan Zaw, minister for national planning and economic development.

Speaking at the First Pyidaungsu Hluttaw Ninth Regular Meeting, Dr Kan Zaw said that the figure for 2013-2014 fiscal year was K59.2 trillion.

 “For the 2014-2015 fiscal year, we have set a number of national targets. Among them, we are aiming to boost GDP and reduce inflation more than last year,” he said, revealing that the target for 2014-2015 was decreasing inflation from 5.3 percent to 6.5 percent.

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