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▶youtube BusinessBanking first seen 3 d ago, last 7 min ago, peak #4

Myanmar Junta Admits 9 Trillion Kyat Budget Deficit

Original: Junta Admits 9 Trillion Kyat Deficit as Central Bank Borrows 2.1 Trillion — Burmese News Radio

Myanmar's military government has acknowledged a budget deficit of 9 trillion kyat, with the central bank lending the state 2.1 trillion kyat to help cover the shortfall. The figures point to heavy reliance on central bank financing at a time when the kyat is weakening and inflation is squeezing households. Observers say borrowing directly from the bank risks worsening the currency crisis.

Why now: The admission confirms the scale of Myanmar's fiscal crisis and its reliance on printing money, fueling concern about inflation and the kyat's collapse.

MyanmarMyanmar military governmentCentral Bank of Myanmar

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