Junta officials project Myanmar’s economy will grow 3.4 percent in 2026–2027, state media report, as the national budget is prepared amid ongoing political and economic turmoil.
At a Financial Commission meeting in Naypyidaw, junta chief Senior General Min Aung Hlaing painted an ambitious picture with Myanmar’s GDP projected to hit 195,032 billion kyats (about US$60 billion, official rate) in the new fiscal year.
The meeting focused on reviewing and approving the proposed Union budget and the Union Budget Bill for the 2026–2027 fiscal year, including projected revenues and expenditures.
Min Aung Hlaing, who serves as acting Myanmar president and chairman of the Financial Commission, said priority spending would focus on agriculture, livestock, small and medium-sized enterprises (SMEs), education, health services, and the repair and expansion of infrastructure damaged by natural disasters or other hazards.
According to the state-run Global New Light of Myanmar, the junta leader urged strict oversight of public spending, encouraging officials to keep projects on schedule and prevent any waste or mismanagement of funds.
The government has also pledged to expand infrastructure development in rural areas, including roads, bridges, irrigation systems, and electricity access, which officials say will help raise household incomes and reduce poverty.
Junta officials involved in drafting the budget said allocations had been scrutinised across multiple levels of government. This includes provisions for unforeseen events such as natural disasters and allowances for government staff.
State media reported that the current administration had already laid the groundwork for future development through what it described as “constructive measures and achievements” and urged the incoming government to maintain continuity in economic policies.
Myanmar’s economy has been disrupted since the military takeover in February 2021, resulting in instability, armed conflict, and international sanctions that have affected investment, trade, and domestic production.
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