Published on Sunday, 30 December 2012 12:45
Myanmar economists said that less reliable data from ministries had led to poor analysis, impeding the speed of economic reforms.
Myanmar is currently facing poor data quality which is crucial for proper economic development.
The data available in Myanmar are unreliable, leading to wrong decisions and analysis in planning and implementation, said Win Kyaing, an official from Myanmar Fishery Federation.
The former military regime managed the country based on wrong figures. Development was only on paper and not in the reality, Win Kyaing said, urging a reforms process based on genuine data resources.
Tin Maung Than, a senior researcher from Myanmar Development Resources Institute, said “data quality assessment will be the challenging issue for ministries in 2013”.
During the president speech on December 26, President Thein Sein highlighted that the capital for development projects was limited. Still, the country runs on budget-centred, not project-centred principle.
The president added that there will be more transparency in fiscal year 2013-2014, as the country enters the global market. The country will be better in development financing and capital formation.
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