Agri-sector to receive boost
Agri-sector to receive boost
Myanmar Times, 20 Jul 2018
URL: https://www.mmtimes.com/news/agri-sector-receive-boost.html
A Total budget of over K 3.134 trillion will be invested in the Myanmar Agricultural Development Strategy (ADS) in the coming five years, until 2023, according to the report of Ministry of Agricultural Livestock and Irrigation (MOALI).
The strategy covers productivity, competitiveness and governance. Annual budget allocations are K490 billion in 2018-19, K580 billion in 2019-20, K670 billion in 2020-21, K700 in 2021-22 and K680 billion in 2022-23.
52.7pc will be used for productivity, covering projects for irrigation, water resources, research, education, crop cultivation, livestock and fisheries, resilience to climate change. 33pc will be used for improving competitiveness, such as rural infrastructure, community development, value chain development and food safety. For good governance, 10.6pc of total investment will be allocated. Governance will cover planning, coordination, communication and policy making.
The ministry’s budget for agriculture will be K6.154 trillion (US$4.5 billion).
The strategy covers productivity, competitiveness and governance. Annual budget allocations are K490 billion in 2018-19, K580 billion in 2019-20, K670 billion in 2020-21, K700 in 2021-22 and K680 billion in 2022-23.
52.7pc will be used for productivity, covering projects for irrigation, water resources, research, education, crop cultivation, livestock and fisheries, resilience to climate change. 33pc will be used for improving competitiveness, such as rural infrastructure, community development, value chain development and food safety. For good governance, 10.6pc of total investment will be allocated. Governance will cover planning, coordination, communication and policy making.
The ministry’s budget for agriculture will be K6.154 trillion (US$4.5 billion).