Fiscal Balance in Myanmar

Myanmar Fiscal Balance | Economic News & Forecasts

Myanmar - Fiscal Balance

The Covid-19 pandemic severely dented economic momentum in H1. The garment sector suffered from weak demand abroad and supply-chain disruptions, hitting employment and causing factories to suspend operations. Moreover, tourism was choked off by travel restrictions, while lower remittances likely hurt private consumption. Recently there have been more positive developments: The manufacturing PMI rose sharply in June amid higher output and new orders, while in late June the IMF approved USD 357 million in emergency assistance to aid the deteriorated fiscal and current account positions. That said, ongoing restrictions on travel and domestic gatherings will be restraining the economy moving into Q3.

Myanmar - Fiscal Balance Data

2015   2016   2017   2018   2019  
Fiscal Balance (% of GDP)-2.8  -3.9  -2.7  -3.0  -3.5  

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Myanmar Fiscal Balance Chart


Myanmar Fiscal
Note: Fiscal balance as % of GDP.
Source: IMF.

Myanmar Facts

Value Change Date
Bond Yield16.000.0 %Oct 15
Exchange Rate1,4760.0 %Jan 01

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