Myanmar to Spend KS 33.4 billion Budget to Host ASEAN Summits

President’s Office has allocated a budget of Ks 33.4 billion (US$34 million) to host Asean Summit after Myanmar took over Asean Chairmanship, a senior official from the Ministry of Foreign Affairs said on November 24, 2013.

Aung Htoo, deputy directorgeneral of Asean Affairs department under the Ministry of Foreign Affairs, said he cannot be sure whether the allocated budget will be enough to cover the expenses as Myanmar will be hosting more than 100 meetings next year. ”We have received Ks 33.4 billion as a budget for the Asean Summit. This amount may not be enough but it can also be a surplus,” said Aung Htoo.