(b) Any expenditure from the reserve
fund shall be made only by the decision of the Government;
(c) The Government shall submit
matters relating to expenditure to be incurred out
of the reserve fund to the State Law and Order Restoration
Council together with objects and reasons casewise.
7. The State Law
and Order Restoration Council, Multi-Party Democracy
General Election Commission, Government, Chief Justice,
Attorney General, Auditor General, Ministries and
Departments shall not be allowed to submit supplementary
budget of the State in respect of receipt of amounts
in excess of or less than the estimated amount under
this Law or appropriation of allotment by transferring
budget’ heads within the sanctioned expenditure
or expenditure incurred from the reserve fund or
expenditure incurred with the sanction of the Government
under section 4. Provided that if expenditures in
conformity with the conditions contained in section
6 are not covered by the reserve fund allowed under
this Law, then such expenditures may be submitted
to the State Law and Order Restoration Council together
with objects and reasons casewise.
Chapter III
Taking of Loans
8. For the purpose
of projects or for expenditures shown in the State
Budget, the Government may take loans by issuing
security bonds guaranteed by Government or debentures
or by other means, within the country or from abroad.
Reasonable rates of interest may be prescribed for
such loans. Conditions for repayment, redemption
or provision otherwise may also be stipulated.
9. Regarding loans
obtained by issuing security bonds for covering
the deficit in the budget of the previous financial
year, new security bonds may be issued when payment
of the loan becomes due.
10. The State
Economic Organizations and Cantonment Municipalities
may take loans from abroad, for their projects with
the approval of the Government.
11. (a) The Government
may empower the Minister of the Ministry of Finance
and Revenue for carrying out wholly or partly the
duties contained in this Chapter III;
(b) The Minister of the Ministry
of Finance and Revenue may, on behalf of the State
furnish guarantees for the taking of loans under
this Chapter III.
12. During the
Financial year commencing 1st April 1996 and ending
on 31st March 1997 the amount of loans actually
received by the execution of loan agreements under
this Chapter III shall not exceed kyats fifty thousand
million.
PART III
State Economic Organizations
13. The State
Economic Organizations shall carry out their functions
in accordance with the State Budget Programme. In
carrying out such functions, all receipts shall
be credited to the State Budget and all expenditures
payable shall be debited from the State Budget.
14. (a) The respective
persons who have been given the responsibility for
the receipt and expenditure of the State Economic
Organizations shall supervise and collect those
receipts and administer those expenditures as are
shown against them on Schedules (5) and (6);
(b) The respective persons who
have undertaken the responsibility under sub-section
(a) may delegate their powers to the respective
persons serving under them;
(c) Supervision and collection
of the receipts and administration of the expenditures
shall be in accordance with the provisions of this
Law, relevant laws, rules, regulations, bye-laws,
orders, directives and procedures.
15. (a) The Government
may alter the amounts shown in Schedules (5) and
(6), if it becomes necessary for the functions of
the State Economic Organizations. Such alterations
shall be shown in the revised estimate budget for
the 1996-97 financial year submitted to the State
Law and Order Restoration Council together with
objects and reasons therefore;
(b) The Government may determine
the amount of money to be contributed by the State
Economic Organizations towards the State.
PART IV
Cantonment Municipalities
16. The Cantonment
Municipalities shall subsist on their own funds
and shall carry out their functions in accordance
with their Budget Programmes.
17. (a) The respective
persons who have been given the responsibility for
the receipt and expenditure of Cantonment Municipalities
shall supervise and collect those receipts and administer
those expenditures as are shown against them in
Schedules (7) and (8);
(b) The respective persons who
have undertaken the responsibility under sub-section
(a) may delegate their powers to the respective
persons serving under them;
(c) Supervision and collection
of the receipts and administration of the expenditures
shall be in accordance with the provisions of this
Law, relevant laws, rules, regulations, bye-laws,
orders, directives and procedures.
18. (a) The Government
may alter the amounts shown in Schedules (7)and
(8), if it becomes necessary for the functions of
Cantonment Municipalities. Such alterations shall
be shown in the revised estimate budget for the
1996-97 financial year submitted to the State Law
and Order Restoration Council together with objects
and reasons therefore.
(b) The Government may permit Cantonment.
Municipalities to obtain money required for carrying
out their functions or for investment from grants
or loans.
19. The Cantonment
Municipalities may collect only such rates and taxes
permitted by the existing laws, rules, regulations,
bye-laws, orders, directives as are relevant to
them.
Chapter V
Development Committees and Municipalities
20. The Government
may grant loans and contributions to the Development
Committee and Municipalities.
The State Law and Order Restoration Council,
Multi-Party Democracy General Election Commission,
Government, Chief Justice, Attorney General and
Auditor General
Schedule (1)
The State Law and Order Restoration Council,
Multi-Party Democracy General Election Commission,
Government, Chief Justice, Attorney General and
Auditor General
Schedule (2)
Ministries and Departments
Schedule (3)
Ministries and Departments
Schedule (4)
State Economic Organizations
Schedule (5)
State Economic Organizations
Schedule (6)
* * table –page – 136-137 Sc (1)
* * table –page – 138-139 Sc (2)
* * table –page – 140-141
* * the table –page – 142-143-
* * table-page- 144-145
* * the table –page – 146-147
* * draw the table –page -148-149
* * Table –page – 150-151
* * the table –page- 152-153
draw the table –page-154-155
draw the table –page -156-157
